With today's market whipsawing back to a daily resistance level, it will be something to watch to see if the EW count of abc is correct for a 2nd wave. This would of course be bearish. nonetheless we are at a bearish time, and should not be trying to pick a dip to buy until our market sentiment changes to bullish again. I will keep it short and provide some nice charts for your viewing pleasure.
MT: DOWN
ST: UP
PA: UP
Based on our EW, if the count is correct then we should push lower, but the ST and PA says otherwise. Will have to wait till tomorrow I suppose.
No comments:
Post a Comment