Yes, as should be expected in the first 1 1/2 hours of today. But, the selling pressure should start to lighten up soon, as we are going into the slow period of the day.
If a rally going to start, it should be coming soon I believe. Many retail traders are shorting these bounces now, and I suspect they will squeeze them out sometime today and possibly tomorrow too.
Red- C wave may be done which would complete a wave 2 correction down in this count. Here's longer term view on daily chart:http://screencast.com/t/Y2JiMjg3
Today certainly is an exciting day! (yawning here)
That's not looking good for Apple…
Head and shoulders formation of apple inc
http://niftychartsandpatterns.blogspot.com/2010…
Yes, as should be expected in the first 1 1/2 hours of today. But, the selling pressure should start to lighten up soon, as we are going into the slow period of the day.
If a rally going to start, it should be coming soon I believe. Many retail traders are shorting these bounces now, and I suspect they will squeeze them out sometime today and possibly tomorrow too.
Selling into every bounce seems to be picking up as indicated by vix movement.
But the bulls are going try to recover. more add points on the way.
But
Red- C wave may be done which would complete a wave 2 correction down in this count. Here's longer term view on daily chart:http://screencast.com/t/Y2JiMjg3
Hey Al…
Good to see you. Looks like we might be in a wave 2 up, with Friday being wave 1 down, inside a C wave… if I'm understanding you chart correctly.
Hey Red. Possible ES Elliott count: http://screencast.com/t/MDViMmVkMz
Good Morning everyone… (Good Morning Anna… nice video you did).
We should just chop around most of the day gang, and UP a little bit.
http://hotoptionbabe.com/blog/39-butterflies-sp…