Posted by frtaylor on 11th of Feb 2015 at 10:36 am
Although SPX holding the 50ma yesterday was certainly positive,
I am not particularly bullish. This is in part to an Elliott Wave
guy I keep an eye on, whose count still calls for a pullback in the
next 2-3 weeks down to the lows of the recent consolidation range.
In short, lots of volatility and no CLEAR breakout yet means
anything could happen. I say this because I would not want anyone
to trade based on my original comment.
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Although SPX holding the 50ma
50ma hold confirmation
Posted by frtaylor on 11th of Feb 2015 at 10:36 am
Although SPX holding the 50ma yesterday was certainly positive, I am not particularly bullish. This is in part to an Elliott Wave guy I keep an eye on, whose count still calls for a pullback in the next 2-3 weeks down to the lows of the recent consolidation range. In short, lots of volatility and no CLEAR breakout yet means anything could happen. I say this because I would not want anyone to trade based on my original comment.