The market regained its senses today after that "fake" jobs report rally the last few days. If you have been following my ideas then you would see that I had a lot of trouble making my Elliot wave analysis work out right. The rally last week did not fit the model. That rally just blew my mind. I have been going crazy trying to figure it out. Well, now I know. Checkout the chart for the details.
If my modeling is correct, don't be surprised to see a 1% or so test and spring tomorrow morning. Then I fully expect back to rally mode. I bought a lot today, so lets hope I am right.
Hope this helps and happy trading.
If my modeling is correct, don't be surprised to see a 1% or so test and spring tomorrow morning. Then I fully expect back to rally mode. I bought a lot today, so lets hope I am right.
Hope this helps and happy trading.
Note
Note that it is a little easier to read if you zoom in a level or two.
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.