sp'15min
sp'60min
Summary
Its hard to call how today will go. We could still have a tiny fifth wave lower - as part of this 'black 3' count.
Regardless, I'm seeking a noticeable black 4' higher, which will probably take until Monday to complete..
The transports count shows it better...
So...a re-short around 'black IV', next Monday. I think that could be a good trade into Tuesday.
--
In the news, another great example of how socialism can kill a company. Twinkies and Ding Dong maker 'Hostess Brands' has been liquidated - see Zerohedge I'm sure those union people must be celebrating their victory! Great job guys, you just ended 18,000 jobs.
Doubtless, someone will buy up the brands, and probably some of the factories, but not all. Hell, why not just buy the brands, and outsource the whole thing to China...or Mexico?
Good wishes for Friday..its almost the weekend!