The push up in prices for the markets especially for the SPX over the Canadian holiday sure did some damage to the bears. I believe this run up is not over, and the bears are still hurting. Counting this EW pattern leads me to believe we are still on a sub-wave 3 of 3 and likely wont be done for this week. The scenario I labelled as one of the plausible EW count (1-2, i-ii in green) did come true and based on this analysis, I don't see why we should stray away from it. We also called for price acceleration on June 30 EOD, and anyone listening could have made some money or pulled out of their short position.
Market: BULLISH (This will be a new feature that I will add from now on, and although lagging should be accurate enough for a bigger picture of what is happening in the markets of bulls and bears.) This sentiment has been bullish
since
November 2012.
MT: UP
ST: UP
PA: UP
15min:
60min:
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