After yesterday's absolute washout it occurred to me that we're probably in another C wave. This would line up with Bitcoin and Oil. C waves only get mini bounces and charge relentlessly to the downside. A bounce up to 3850ish is probable first with the FOMC or after, but I wouldn't take it too seriously. If C equals A, target is around 3400.
Kommentar:
Rally is on! Target 3860 area
Kommentar:
stopped out on the fakeout, will wait for rally after Fed.
Kommentar:
Looks like B is finished. I'm going to wait for the fed, but this may be the C wave now in progress.
