12:20 - LMAO- That black spike did set a higher high.
12:11 - AUD/JPY -
12:05 - UPDATE - A 3 point RIP in 1m. wow.
10:38 - UPDATE - RUT possibilities - We're in a 3 up of C OR we're ending E of the A-E triangle (which would be topping 2 of 3 with A on the chart relabeled as 2). The Triangle count looks nice here as we could be completing an ABC corrective at this point and the larger upper resistance diagonal with overbought indicators. The larger ABC for 2 looks nice cause A counts better as a 5 and not a ZZ and b counts as a 3 better IMO. So the confusion reigns (my CPC chart is just as confused). Markets are rigged and confused.
10:00 - UPDATE - This chart does not look good. It may be like the past ramps where there is no support and it just gives it all back. The blue dashed diagonal near 77 would fit nicely with my minis speculation. The daily 50ma is at 85 which is where this wedge might end.
Morning. Minis at support and backtesting busted diagonal from yesterday.I am liking my 1111 SPX target more and more, but am not discounting a fall from here. The divergences on this 30m chart are really bad. ANY strength that pops up and busts the divergences I am anticipating will result in a blow off top and great shorting opportunity. More to come later. At support, if it cracks 81 is the target. That area at 74 with the VWAP and the 200ma might be a magnet. I forgot to add that the upper blue diagonal would be the only target for a pop. Nothing above that at this time.
I have to throw out an apology to Rich. He did not appreciate my "intern" comment the other day. The man is a mentor and very respected. Sorry bout that pal.
