we bet ,time to sell dow and wait 8 day NFP unemployment 6.1% news comes very very bad , in comming week it will push down market,dow,dax,sp500
if you draw trend base FIBO extention(projection) on last N shape,you will see it reach level 161%(most important level on fibo extention)
we advice for next 10 day =looking for sell but put SL=100point,if you eat 2-3 SL dont fear ,continiue looking for sell ,after go 100 point to profit,move sl to open price,shot down platform ,then 4-5 day go and rest ,give time to it go down)
www.marketwatch.com
Ym
Stocks Spread OutNQ just completed a head and shoulders. That can mean anything, but it sure makes things interesting.
RTY has clearly taken the lead in relative strength since the markets bottomed in march.
More money is going to a larger group of stocks in RTY, and it looks like the tech bubble is paying for it.
Tech bubble:
Elliott Wave View: Dow Futures (YM) Should Continue to Print AllDow Futures (YM_F) continues to make a new all-time high and the Index should see further upside. Short term Elliott Wave suggests the rally from February 1 low is unfolding as a 5 waves impulse. Up from February 1 low, wave 1 ended at 31662 and pullback in wave 2 ended at 31100. The internal subdivision in wave 2 unfolded as a double three Elliott Wave structure. Down from wave 1 at 31662, wave ((w)) ended at 31228 as a zigzag. Index then pullback in wave ((x)) which ended at 31615, then it resumed lower to end wave ((y)) at 31100 with internal as a zigzag. This move lower completed wave 2 in higher degree.
Index has resumed higher and broken above wave 1 high, suggesting the next leg higher has started. Rally from wave 2 low also looks impulsive and incomplete. Expect a few more highs to end the 5 waves up from wave 2 low and end wave ((i)) of 3. Index should then pullback in wave ((ii)) of 3 to correct cycle from February 23 low before the rally resumes again. As far as wave 2 pivot low at 31100 stays intact, expect dips to find support in 3, 7, or 11 swing for further upside.
Elliott Wave View: Dow Futures (YM) Remains Bullish as We End YeShort term Elliott Wave view on Dow Futures (YM) suggests the rally from October 30 low is unfolding as a 5 waves impulse Elliott Wave structure. Wave (1) of this impulsive rally ended at 30333 and pullback in wave (2) ended at 29308. The Index has resumed higher in wave (3). Up from wave (2) low at 29308, wave ((i)) ended at 30198 and wave ((ii)) pullback ended at 29735.
Index then resumed higher in wave ((iii)) which subdivide into another 5 waves of lesser degree. Up from wave ((ii)) low, wave (i) ended at 30182 and dips in wave (ii) ended at 29956. Wave (iii) ended at 30418, wave (iv) ended at 30278, and final leg wave (v) of ((iii)) ended at 30502. Wave ((iv)) pullback is currently in progress as a zigzag where wave (a) ended at 30166 and wave (b) ended at 30416. Expect another leg lower in wave (c) to complete wave ((iv)) before Index resumes the rally again. Potential target for wave (c) of ((iv)) is 100% – 161.8% Fibonacci extension of wave (a) which comes at 29877 – 30083. From this area, the Index can extend higher or bounce in 3 waves at least. As far as December 21 pivot low at 29308 remains intact, expect Index to extend higher.