Posted by frtaylor on 15th of Jan 2015 at 11:05 am
I read Jason Haver's blog. The bear count (he shows bull &
bear) shows minor wave 2 having been completed at the open today.
The rally ending at 10:35 this morning perfectly backtested the
broken wave 2 uptrend line, then turned down. If this count is
correct, we have a big down moving in store for today. So far no
indication in price that we are going back up to even test that
10:35 high. I took a small short position, stop above that
high.
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SPX - minor wave 3 (down) begun?
Posted by frtaylor on 15th of Jan 2015 at 11:05 am
I read Jason Haver's blog. The bear count (he shows bull & bear) shows minor wave 2 having been completed at the open today. The rally ending at 10:35 this morning perfectly backtested the broken wave 2 uptrend line, then turned down. If this count is correct, we have a big down moving in store for today. So far no indication in price that we are going back up to even test that 10:35 high. I took a small short position, stop above that high.