HOW TO JOIN OUR FREE CHAT ROOM

Come join our free private chat room. We have live voice and video chat capability in addition to text chat. There is no fee to join this room. If you are interested, please send an email to sellhigh@stratisgroup.com We will send you an invitation link.

Tuesday, July 10, 2012

Descending Wedge to 1340

As I posted before, this is complex wave 4 chopping between 23 and 50 fib (1344SPX).  With this morning's gap up, it's clearer on direction into Gann Cycle on Friday and Monday the 16th (1344 - 1340 support SPX).  A descending wedge is in progress.  July 20-23 may be promising for bulls going into OPEX on Friday.   If it breaks down, then I'm watching 1334 to short.  If 1340>1334 holds, high probability that we rally into OPEX to finish wave 5.


Below is my EW count.





Posted by at

No comments:

Post a Comment

Subscribe to: Post Comments (Atom)