It's binv's Crazy Idea Time!
I will add to this as the day goes on:
[9:58]
This wave is done. And here is my crazy count. A triangle and a pop like I was saying yesterday: Limb. Also if you consider the crazy spike up and then back down in the futures, it looked like we had an overnight sentiment reversal and then the day crowd confirmed it.
[10:05]
Here are my supporting Nasdaq and S&P counts. I don't think these are 5 wave moves per: Limb. But that's just me (and I am perennially wrong)
[10:25]
Let's check in on sentiment. (see: Sentiment)
-- Bullish at the peak? CHECK!
-- Pattern supportive of a top? CHECK!
-- And speaking of sentiment: http://pragcap.com/small-investor-bullish-sentiment-soars-to-3-year-high
[10:37]
Well this is *very* interesting. I almost deleted this chart yesterday (the one from Break Watch) due to the triangle. But today *did* actually retest the broken trendline.
Nice :)
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