Yes! I agree! Would like to see H and S finish on Monday. And then a Complex to follow would be nice! The question is?. Is this a pump and dump, or the start of something, in which case i need to adjust the sails. Regards Glenn
waleedkhan
⋅
Same thing I've been wondering...
It sure looks like a pump & dump...
However, if this is the start of a new bull run; then according to elliottwaves 1290-1301 must hold; to validate this down move as a "corrective wave"...
If this breaks then we can go a lot lower!
Good luck!
Waleed
Iskandarglenn
⋅
My calculation on H & S, is 1301.92!
waleedkhan
⋅
Agreed...that sounds about right to me...
However I would still be skeptical about going long from there...
The s&P posted a very strong bullish candle on the daily chart; if we get more upside this could put pressure on gold.
waleedkhan
⋅
Please be careful; equities have rebounded; oil is falling; silver looks bearish...
I would only think of longing after a clear close above 1314-16 zone!