

7:35, The SPX has five waves up now with the RSI diverging, odds suggest it should start tracing out a 2nd(green) wave down. Also possible for the bears that the 2nd wave up(red) is completed if the 1st wave down ended where I have the green 3 and C? labeled, that would have the 2nd wave up traced out as an a-b-c (BTW, I do not have those labels on this chart, two options at a time are plenty for one chart).


7:03, The SPX has moved into the most bullish part of the short-term Fib fans. At the open the Trend Finder was at 25% bullish, and quickly signaled a 75% bullish reading, the only indicator that is still bearish is based on the Summation Index, which is also the slowest to turn.
Hi
ReplyDeleteCould you add my blog to yours please, thanks.
http://wallstreetrader.blogspot.com/