Friday, July 31, 2020

7/31/2020 - EOD Update

All this chop and consolidation has made counting this a pain. The easiest thing for me was to just watch it and realize this was just trading in mini ranges as it stair-stepped higher.

I like this count below. So the question is are we wrapping up five waves for wave (1) of [5] or all of [5]. See the monthly below for bigger picture.

SPX - 60 Min



Here is the monthly below for the forest perspective