Chart says all. Let's get confirmation with a nice juicy red Bear Engulfing Doji. Sand P pivoted EXACTLY at 0.786 on 2812 today- fantastic!
Pos: Shorted QQQ, Long TECS. Not investment advice, trade at your own risk, but it's where I placed my bets.
Gaps tend to get filled, if gap up fills by gap down, we get island reversal with a graveyard... We at the end of...
BASED ON MCO AND SUM FOR THE SP 1500 WE ARE AS OVER SOLD AS EVERY MAJOR LOW OVER THE LAST 3 YEARS WOULD NOW LOOK FOR THE BLOWOFF IN RUSSELL 2000 TO REACH 1800 PLUS FOR THE 5TH WAVE PEAK
After a shallow brief wave 4 now in progress expect higher again for a week or ten days.
Wave could carry Dow back to Jan high or perhaps a bit shy. Should get within 2 percent.
By early to mid-September we could see Dow reach a new alltime high, although it has lagged Sand P and Nasdaq is a real bubble.
Market was forming a smallish wave 4 when the Donald...
Zoom in for a more detailed perspective. From my (amateur) research I have seem to come across a fifth wave extension of a fifth wave extension in Tron $TRX. I believe this because when you check the BB (Bollinger Bands) the 2nd and 4th waves in the primary wave cross by the middle support line on the hourly charts, but, as it reached my previous target resistance...
Broken Arrow
SP are in the final stages of wave 5 in an Ending Diagonal ...just before "Broken Arrow".
The chart above shows the final A-B-C in an Elliott Wave count having 5 waves up from 666,79
As FED-chair Ms.Yellen just proclaimed for the 2nd time... Stocks are overvalued.
First time was the signal for preparing - cause FEDs trading desk will pull out...
