sp'60min
sp'daily5
Summary
Note that even though we closed lower yesterday, and opened lower, the MACD (blue bar histogram) cycle is still ticking higher, although we're starting to lose the power of the first 3-5 days of this 'stupid bounce'.
RE: the count on the hourly chart
If we do generally trend sideways today, its probably the wave'4..with the 5 tomorrow/Thursday
*special note...
Clown network'1 (CNBC) are wheeling out the Buffett tomorrow for breakfast, so they'll be quoting him ALL day. We've seen how this works out for Mr Market many times..... UP.
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**GDP revision on Thursday will be kinda interesting, although far more important,..the Chicago PMI - due Friday morning.
As things are, I'd like to be re-short ahead of that PMI number, and across the weekend.
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