This morning's SP futures formed a triangle. The breakout from the triangle was a clear 5-wave up. So abc complete. Only a 30-minute close beyond 1161.25 will neutralize the 30-minute M/A buy signal.
I enjoy trying to predict index dollar amount tops and bottoms using trends but I have not found a tool that works as well as I1. Well if that was the DJIA final move it was right on Q to I1 again. I can say with out any hesitation that I will never be short a day before I1 tops or a day long after I1 bottom unless you feel it is appropriate. It has been repeatedly correct or very close to right on every time.
.bmp)
Thanks Steve
ReplyDeleteI enjoy trying to predict index dollar amount tops and bottoms using trends but I have not found a tool that works as well as I1. Well if that was the DJIA final move it was right on Q to I1 again. I can say with out any hesitation that I will never be short a day before I1 tops or a day long after I1 bottom unless you feel it is appropriate. It has been repeatedly correct or very close to right on every time.
Jack C
How do you figure the VIX with todays action, its going crazy low..
ReplyDelete