Thus far we have seen a 3 legged correction (lower high and
lower low) which is the minimum but this may morph into a more
complex correction (always difficult to surmise corrective
activity). Keep an open mind and remain nimble for short term
trades.
Keep an eye on the primary pivot - staying below favors further
corrective activity.
SPX 30
Posted by steve on 27th of Jun 2014 at 08:58 am
$SPX - Chart Link
Thus far we have seen a 3 legged correction (lower high and lower low) which is the minimum but this may morph into a more complex correction (always difficult to surmise corrective activity). Keep an open mind and remain nimble for short term trades.
Keep an eye on the primary pivot - staying below favors further corrective activity.
steve the iwm didn't do
Posted by shopper on 27th of Jun 2014 at 09:16 am
steve the iwm didn't do this... it's in a triangle would this be positive for the rest of the market?