11am update - its a nasty market

The hourly cycle was oversold from the start, and a bounce was highly likely. That bounce is now well underway, and the bears can understandably feel dismayed and disgusted. A green close is very viable now.


sp'60min

sp'daily5

Summary

I am glad to be avoiding this nonsense, and that IS what it is...sheer nonsense.

This market is arguably untradable a lot of the time.
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RE: 60min count. I think I'm going to stick with an ABC count now, maybe that's it.

Regardless of whatever the wave count is, we're now seemingly headed back up. The only issue is whether we can punch a new high >1410.
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So, I'm sitting back..still waiting for 1425...which is still possible tomorrow.

UPDATE 11.30am Thats one powerful floor spike, as seen on the hourly chart, but looks even more strong on the daily charts. Sure looks like we'll be busting >1410 within 6-10 trading hours.