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.
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Note that it is a little easier to read if you zoom in a level or two.
