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Rejected at Fib 50%, don't know if the rebound was over (likely not), need see more bars.
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We're heading to new highs. If today is up, it's an up friday up monday, which is almost always a primary wave up indicator (beginning of a new primary wave). NYAD cumulative already made a new high ahead of the SPX. I would not refer to this as cobra did as a "rebound" until the bears actually do technical damage.
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Like to read more of my commentaries? Please subscribe my Daily Market Report. Subscribers can find all the members only posts HERE. StockCharts members, please vote for me HERE, thanks.
Like to read more of my commentaries? Please subscribe my Daily Market Report. Subscribers can find all the members only posts HERE. StockCharts members, please vote for me HERE, thanks.