Disclaimer: Each post is for informational purposes only. It is not a solicitation, a recommendation or advice to buy or sell any security or investment product. Information provided in each post does not constitute investment advice.
SPX - its significant to note that there hasnt been a clear minor deg up 5 impulse wave on this since Jun-July. Jul-Aug was neutral (undeterminable - which often = trend changing) and the Aug-Sep rally was 3 waves (a-b-c) which we then saw this 5 down to MTUs red & blue "A". So that abc was a warning signal.
MTU, yes B wave - seems to be consistent with patterns on most stks I see that are having rallies in the past few weeks.
ReplyDeleteHowever given the mkts is under QE and the seqs are out of normal sync expect anything.
SPX - its significant to note that there hasnt been a clear minor deg up 5 impulse wave on this since Jun-July. Jul-Aug was neutral (undeterminable - which often = trend changing) and the Aug-Sep rally was 3 waves (a-b-c) which we then saw this 5 down to MTUs red & blue "A". So that abc was a warning signal.
ReplyDelete