Monday, February 23, 2015 1:06:39 PM
Pretzel updates:
http://www.pretzelcharts.com/
"I'm going to let the charts do virtually all the talking in this update.
Let's start with SPX:"
"BKX may hold big clues heading forward:"
"TRAN is still inconclusive in its current position, but may also offer some important clues in the near future:"
"Finally, NDX has now rallied about 95% of the way toward the previously-noted breakout target. Bears still have options here, in the form of a C-wave and the black path, but the first step would be some impulsive declines to begin suggesting a trend change."
"In conclusion, I feel that watching BKX and TRAN heading forward will be helpful to sort out the bull counts from the bear counts. Trade safe."
http://www.pretzelcharts.com/
"I'm going to let the charts do virtually all the talking in this update.
Let's start with SPX:"
"BKX may hold big clues heading forward:"
"TRAN is still inconclusive in its current position, but may also offer some important clues in the near future:"
"Finally, NDX has now rallied about 95% of the way toward the previously-noted breakout target. Bears still have options here, in the form of a C-wave and the black path, but the first step would be some impulsive declines to begin suggesting a trend change."
"In conclusion, I feel that watching BKX and TRAN heading forward will be helpful to sort out the bull counts from the bear counts. Trade safe."
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