MT: UP
ST: UP
PA: UP
There is a Neg. Divergence occurring in the 60min. chart so this might clue us into a possible trend change. I would like the signal to hit below the mid-line to initiate a short with a hold going into any OS condition.
Monday 22 June 2015
22 Jun 2015 - SPX Trying For ATH Club
The SPX has been on a tear lately, but has not cracked higher for another ATH. While a few have made their HH last week. Either SPX is playing catch up or setting up for a classic wave 2 which usually tests and retraces close to its wave-1(Green wave-5) origin (Assuming it is the right count). Based only my views though, the move from late May to June 9th is a corrective affair with a 3 wave looking pattern. The possibility of price not reaching higher highs is also possible, and this would be called a failed 5th. With this scenario, we still need to see a 5 wave pattern to turn up.
MT: UP
ST: UP
PA: UP
There is a Neg. Divergence occurring in the 60min. chart so this might clue us into a possible trend change. I would like the signal to hit below the mid-line to initiate a short with a hold going into any OS condition.
MT: UP
ST: UP
PA: UP
There is a Neg. Divergence occurring in the 60min. chart so this might clue us into a possible trend change. I would like the signal to hit below the mid-line to initiate a short with a hold going into any OS condition.
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