spy cash ... .hit 50% retracement ................... probably need 2 days to get any discount --------------------- or maybe 1 day...
either this pullback was wave 4 .... or we are going much much much higher
prices are so high now ... it is doubtful that a tuesday decline could produce much value .................... maybe wednesday
tuesday .... low made last or wednesday.... low made first
heading for 78% retrace
friday sell day .................. monday short sell day ............... tuesday buy day
.............. thursday buyday low made first at or below previous low 3rd day below
a possible bullish count
us news is not getting up to date info if you want to see ongoing live coverage in japan... www.ustream.tv/news there was just another...
http://www.ustream.tv/news
buy day ... monday ..first day below ...high made first .......................................... 2nd day below .... sell day...
low made first on a gap down ... long scalp close out at prev day high... or as close as possible
next play is a scalp long on friday on a low made first at or below prev low
wednesday .. buy day thursday ... sell day .... violation of bd low ... long bd low target
resis on upper wall
tuesday ... short sell day look for a low made first on a down move ... for a scalp long --------------- otherwise .... look for a high...
monday ...............
dow 161
iwm
......
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