E-minis

Makes a very nice 5 wave move down. It even shows alternation between waves ii (sideways) and wave iv (sharp). And wave iii has no internal awkward overlap and a nice down candle smack where it should in the middle that would form the “blue box” area.  There really is not other sensible way to label this [...]

E-minis

Levitating act overnight above support. Yet there was a new low overnight as compared to yesterday’s afternoon low.  Stochs and MACD are starting to reveal some tiredness. Volume candles are not all that bullish and just trying to maintain support. Bears need good news like yet another Greek “austerity plan”. LOL. Is it any wonder the people of the world [...]

E-minis [Update 3:41 PM]

[Update 3:41PM: Possible RUT squiggle count for [v] of C.] Holding upper support for now.  As a side note, I had been thinking about all the public attention to the EURO and how shorts have piled on and even hedge funds were “advertising” their positions in the Wall Street Journal which of course didn’t make [...]

E-minis [Update 2:30PM]

[Update 2:30 PM:  EDIT: Actually, as pointed out in comments, the Wilshire doesn't technically overlap but the other indexes do.] This would be the most logical spot for a leading expanding diagonal triangle. They can start at the top of a major decline when you can spot them.  If this is a wave [iii] or 3, it would qualify [...]

E-minis

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