-Wikipedia
Which certainly describes where we're at. You can see it on the Vindicator, the Buy/Sell line shows an almost total lack of push one way or the other and the V Stoch is muddling around in mid-range. Markets can and do behave this way, far too often for most traders. But they always break out one way or another, the question is when and which way.
The Elliott count on ES looks like a 5th wave is either done or close to done, as per the next two charts.
Alternate count:
I lean towards the alternate count for two reasons: the Vindicators showed signs of a possible push up towards the close Friday, and the SPX looks like it needs one final small push to complete a 5th of a 5th wave up from the low of 6/9.
We have the answer to when and which way!!
ReplyDeleteWe sure do, the notorious Sunday night ramp job!!
ReplyDeleteThis overnight high of 1127 could be the cherry on the cake of 5 - I hope so
ReplyDeleteAl, Your chart outlines a possible 5 just around 1127. It just went there pre-market open. Futures are getting softer now. That was a damn good call.
ReplyDeleteSometimes I hit 'em. Not for sure yet, though.
ReplyDelete