volume surge may see rebound here again which likely would fail though.
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In these choppy days, when TICK hits -1000 (like a couple minutes ago) SPY usually bounces….
but I'm watching for positive divergence momentum......not yet...
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
Al_Dente wrote:In these choppy days, when TICK hits -1000 (like a couple minutes ago) SPY usually bounces….
but I'm watching for positive divergence momentum......not yet...
Al_Dente wrote:In these choppy days, when TICK hits -1000 (like a couple minutes ago) SPY usually bounces….
but I'm watching for positive divergence momentum......not yet...
Last Friday, I mentioned that both "SPY and Dow now in agreement for 5 waves down for "a"...and I also said that we could see a lower low either last Friday or next week...
bbs.cobrasmarketview.com/viewtopic.php?f=2&t=1176&start=40#p151771
We didn't get it last Friday...but so far we have gotten a lower low in the Dow, now we just need to see a lower low on SPY to confirm...
If this is the correct count (look at Dow), then it's possible to get a bounce for wave 4, then down to wave 5 at some point...but looks like we need to see a lower low on SPY first before we can see a more substantial bounce...we'll see...
TraderGirl wrote:Last Friday, I mentioned that both "SPY and Dow now in agreement for 5 waves down for "a"...and I also said that we could see a lower low either last Friday or next week...
bbs.cobrasmarketview.com/viewtopic.php?f=2&t=1176&start=40#p151771
We didn't get it last Friday...but so far we have gotten a lower low in the Dow, now we just need to see a lower low on SPY to confirm...
If this is the correct count (look at Dow), then it's possible to get a bounce for wave 4, then down to wave 5 at some point...but looks like we need to see a lower low on SPY first before we can see a more substantial bounce...we'll see...
or is this the beginning of a nasty 3 wave down? SPX 60m?
volume surge, so might see rebound here first which likely would be sold again. lunch time, will be back.
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