sp'weekly8b
Summary
*the included wave count is...to be taken for what it is...one of a number of scenarios...although right now, it is my favoured one.
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So..we're higher, and the 1970s look out of range until late June/early July.
Underlying MACD (green bar histogram) cycle is going to be close to maxing out within the next few weeks.
If this week manages to close flat..1950s..then I'd guess a retrace to the 10MA - in FOMC week..will be the target, and that might equate to VIX briefly 14/15s.
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*I remain on the sidelines, I Have eyes on WFM still, but....not meddling in that today.
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11.32am,.. sp'1954..and this is even surprising me.
Algo-bot melt..with ZERO downside power.....and a big QE tomorrow.