I think so. By Elliott

    Ending diagonal??

    Posted by mborder1 on 2nd of Dec 2020 at 02:32 pm

    I think so. By Elliott wave rules, this breakout rally is supposed to be w3. It is not impulsive at all. Looks like an overlapping mess. Trading the upside is becoming a struggle. Breakouts are failing. Did we top??  I would not be surprised. 

    More obvious diagonal on Dow

    Posted by kevindeng0727 on 2nd of Dec 2020 at 02:39 pm

    More obvious diagonal on Dow intraday charts

    Agree

    Posted by mborder1 on 2nd of Dec 2020 at 02:45 pm

    Agree

    Shorted DIA to protect my

    Posted by kevindeng0727 on 2nd of Dec 2020 at 03:56 pm

    Shorted DIA to protect my longs. It's hard to fit the December seasonaility but the sentiment combined with technicals is making me a bit nervous.

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