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Right you are, the jury is still out.Anaconda wrote:Yes.rhight wrote:Did anyone notice that SPX stopped today at the 61.8% retrace of Wednesday high to Thursday low?
And we still have no 5th wave down from May 2 high.
damn, the market is doing exactly what i meant. 1275-80 area is the low oi zone. es went up and was rejected at 1280 then retreat back to 1275.soku wrote: i see negative divergence and early sign of overbot. 1275-1280 was low volume area which could be res or some kind.
the last 5 point rally is strange. the setup i am waiting for didn't happen. i short too early.
technically es is still in a bearish gartley, only if 1280 is taken.