Bfeller

Bfeller

The last bearish triangle ended up rallying instead of selling off like I had forecast. But that rally was short lived because today we are right in the same spot making the same bearish formation. So which way will it go this time? The action in this market has been very odd indeed.

Bfeller

I entered a credit spread that expires on FEB 1

Bfeller Updated 

After breaking out of the upward wedge, we see a perfect triangle formation start shortly after an ABC correction. Lets see if it breaks down tomorrow.

Bfeller

I may short one of the major indexes tomorrow, not sure.

Bfeller Updated 

A near perfect Triangle about to break out to the downside

Bfeller

Same thing on NASDAQ Truncation (Dirty)

Bfeller Updated 

Upward wedge, looks like we may still be in wave three. Very unlikely that we are in wave five since we haven't seen a higher low. but its a very dirty pattern so I am considering this a truncated 5th.