Friday, September 25, 2015

S&P Futures


Not much to write about as the S&P's have been consolidating sideways for several weeks, waiting for the decline to a new low for wave ((v)) or 5.  It's certainly not pretty, but the count remains valid and the sideways chop can break down into a WXY combination correction, with the X wave being a triangle.

I still like the overall bias being down and for the wave ((iii)) low to be broken before any meaningful rally will occur.  So I continue looking for shorting opportunities for day trades, and holding short for swing trades.

PLEASE NOTE: THIS IS JUST AN ANALYSIS BLOG AND IN NO WAY GUARANTEES OR IMPLIES ANY PROFIT OR GAIN. THE DATA HERE IS MERELY AN EXPRESSED OPINION. TRADE AT YOUR OWN RISK.

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