D cannot be in - you know that wasn't a big enough rally for a
wave D inside a triangle. Wave D would have to go up probably
to 2740 or higher.
right now it's real simple, today price stopped at the 9 EMA,
that's always your major short term resistance. For that
triangle scenario price needs to get above that 9 EMA and hold, and
go a lot higher. That triangle scenario is not out of the
woods yet but you really needs to hold in there and get going,
bulls needs to set up. For the triangle you really needed to
see price continue from yesterday and hold.
any moves to the 9 EMA I consider just noise and that's where we
stopped today, so could the market still be in that original
scenario I talked about on the weekend where instead of a triangle
prices go right down to test the lows or make new lows? Yes!
Since price only went to the 9 EMA one could consider
yesterday's bounce just noise albeit big noise in the wave C
down
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SPY breaking on 60min
Posted by jdaswani on 27th of Mar 2018 at 02:08 pm
SPY breaking on 60min
Matt is d still in
Posted by lamb on 27th of Mar 2018 at 02:32 pm
Matt is d still in play or c not finished yet?
D cannot be in -
Posted by matt on 27th of Mar 2018 at 03:27 pm
D cannot be in - you know that wasn't a big enough rally for a wave D inside a triangle. Wave D would have to go up probably to 2740 or higher.
right now it's real simple, today price stopped at the 9 EMA, that's always your major short term resistance. For that triangle scenario price needs to get above that 9 EMA and hold, and go a lot higher. That triangle scenario is not out of the woods yet but you really needs to hold in there and get going, bulls needs to set up. For the triangle you really needed to see price continue from yesterday and hold.
any moves to the 9 EMA I consider just noise and that's where we stopped today, so could the market still be in that original scenario I talked about on the weekend where instead of a triangle prices go right down to test the lows or make new lows? Yes! Since price only went to the 9 EMA one could consider yesterday's bounce just noise albeit big noise in the wave C down