dow'60min
sp'60min
Trans'60min
Summary
For those who were chasing the opening declines..and who didn't have tight short-stops..today has been a disaster. I can understand it, but in this nasty market..there is no excuse for good stops, not least when any random news headline can cause intra-day swings like we saw today.
I had been seeking a wave'4 - or however you wish to count it, but it seems - not least from the daily chart, we have a clear wave'2, consisting of a standard ABC.
C' wave is surely underway, and I'm guessing it concludes around 1420/25, which is very viable as early as tomorrow.
I remain watching, and ready to re-short.
The usual bits and pieces across the evening....
your invoice is in the mail.