Ok, I suspect now that the 20-30 point pullback I was expecting is NOW happening. We are over 20 points down from the high Tuesday. So now we need one more run up to make a higher high, double top, or slightly lower high (which would be a “failed” 5th wave up… called “truncated”)
It broke the trendline of support unfortunately. It should rollover here for a 20-30 point pullback, but it acts like it wants 2110-2120 first. Maybe we get a gap up and crap tomorrow?
Ok, I suspect now that the 20-30 point pullback I was expecting is NOW happening. We are over 20 points down from the high Tuesday. So now we need one more run up to make a higher high, double top, or slightly lower high (which would be a “failed” 5th wave up… called “truncated”)
ES Morning Update November 5th, 2015 – http://screencast.com/t/PoGSjlzu1
SPX Afternoon Update November 4th, 2015 – http://screencast.com/t/h96Rot1uV
I get the feeling the selling is over for today. Might still go up to 18k+ DOW
ES Morning Update November 4th, 2015 – http://screencast.com/t/Tu9pLsKg
I think we’ll top today and start down tomorrow…
ES Morning Update November 3rd, 2015 – http://screencast.com/t/tPDjyLSJ
IWM Afternoon Update – November 2nd, 2015 – http://screencast.com/t/pBYZ1CijFq
It broke the trendline of support unfortunately. It should rollover here for a 20-30 point pullback, but it acts like it wants 2110-2120 first. Maybe we get a gap up and crap tomorrow?
Did we get close enough?