Like I was saying Friday (And the Hits Just Keep on Coming), alphahorn, Blankfiend, joske and Croozer all called this one correctly. That is that we have been in Minor 2 last week.
There are some nice Fib proportions that point to one more small move up to finish Minor 2. Also the end of today makes Minor 2 about 50% the duration of Minor 1.
Assuming we get an EOD rally, I will probably short the close. NOT ADVICE, just sharing my thoughts.
Update 3:42
Very low volume rally (check SPY) - adding short scales. NOT ADVICE!!
From E-T: Weekend Post – March 10, 2018
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There is a new post on my blog at this LINK. Cheers and enjoy the chart! E-T
6 years ago