Main-Trend: DOWN (Unconfirmed)
Short-Term DOWN
Bear #1
Bullish #1 Corrective for an ABC move down then a higher high..
60min the bigger picture count of an ABC corrective down pattern...
SUPER BEARISH SETUP...
Wednesday 2 October 2013
1 Oct 2013
Prices pushed down today but completely retraced the gap made this morning. This could be more bearish than it is bullish but I will give some possible wave counts below. The zigzagging affair is pushing me to believe this is a build up to a bigger push lower. Until I see it though its all just speculation. My intra-day indicator seems to be in a bullish mood but there are resistance ahead around the 1696-1700 range. Tomorrow is a reactionary day, so lets keep an eye out for some impulsive moves.
Main-Trend: DOWN (Unconfirmed)
Short-Term DOWN
Bear #1
Bullish #1 Corrective for an ABC move down then a higher high..
60min the bigger picture count of an ABC corrective down pattern...
SUPER BEARISH SETUP...
Main-Trend: DOWN (Unconfirmed)
Short-Term DOWN
Bear #1
Bullish #1 Corrective for an ABC move down then a higher high..
60min the bigger picture count of an ABC corrective down pattern...
SUPER BEARISH SETUP...
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vix is very interesting.....it looks like it is warming for a spike up
ReplyDeleteRight on ZQ... spike the VIX did...
ReplyDelete