zwyss - there was a trade short opportunity on the SPX that was
shown on the SPX 3 minute chart. I pointed out that there was 5
waves down and then was looking for a corrective 3 wave move back
up into the Fibs. This occurred and was followed by another
leg down currently. See my SPX 3 Minute comments below.
There is no instrument to trade the Nasdaq.
Would prefer to see a divergent high on the 60 minute chart or a
lower high form after a larger impulse down for something more than
a quick trade short.
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Bull wedge or channel down? Nasdaq
SPX 3 with Fibs
Posted by zwyss on 7th of Jan 2013 at 10:59 am
Bull wedge or channel down?
Nasdaq today stronger than other indexes.
maybe new highs in the short term and then tanking?
Steve, please advise when good chances for a short (SPX or Nasdaq)
zwyss - there was a
Posted by steve on 7th of Jan 2013 at 12:23 pm
zwyss - there was a trade short opportunity on the SPX that was shown on the SPX 3 minute chart. I pointed out that there was 5 waves down and then was looking for a corrective 3 wave move back up into the Fibs. This occurred and was followed by another leg down currently. See my SPX 3 Minute comments below. There is no instrument to trade the Nasdaq.
Would prefer to see a divergent high on the 60 minute chart or a lower high form after a larger impulse down for something more than a quick trade short.