from another trader that see's through the market
noise better than my abilities allow.
BUT, I can see for myself, that there are 5 waves up
from the channel - wave 4 - proposed bottom and that
should elicit a 3 wave correction for a chance to enter
long and ride the wave as high as the potential
projections of 98.00
At this point wave 5 would equal wave 1 @ 96.16
which places the end of the a-b-c around 95.65/50,
Which is perfect frustration for the bulls who
think the has been broken, flushing
all those stops before it reverses.
Well, that's the ideal, anyway.
Reality awaits !!!!!