Wednesday, April 29, 2020

Wednesday Update (4/29/20)

[Intraday Update - 1pm NYSE]
Taking shape


8 comments:

  1. Or this - https://invst.ly/qmlaa

    ReplyDelete
    Replies
    1. Yes thats possible.

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    2. Like it. Similar profile as the blue count in chart 1.

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    3. But NDX looks similar to the grey and green counts in chart 1

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    4. MTU - you must remember there are distortions in the EW count going on, plus the fact that some corrective waves can have what appears to be 5 waves in them as part of their structure esp where wave c is extnd.

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  2. CRUSE OIL

    A review of the LT chart show pattern similarly of 2013-15 to 2018-curr. It did 5 waves down in that seq and its possible current move is similar with the neg spike last week being wave 3 low. That means a prob weak wave 4 and wave 5 which would be a period of weak low prices in the $20 - $5 bbl range for some time before it turns up.

    Will depend on what wave the spike was.
    And if EW rules apply.

    Your thts MTU ?

    ReplyDelete
    Replies
    1. Contract specific, which makes it more difficult to count commodity futures when volatility spikes. Monitoring if the current upswing is a C or A or 1

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