T/A ETF AND INDEX

[stock-trace]

something is definitely up with the volaitility index on the compq. telegraphing a big move here. either to the upside or a failure leading to a slide. but loooking like the former at present, taking out it's 200 ma and following the vix and spx. usually the other way around.

well - i cant help but notice the low voluem consolidation this past week immediately after a 5% up week. barely have touched the 38% retrace level.

also taking the form of flag/consolidation pattern

also above the 50,20, and 13 ema's

this in a seasonally very weak time for the markets but

occcasionally do get get a markup next week for TOM.

have been doing well scalping calls in this month long trend/countertrend or whatever it is that were seeing.
wayy tooo manyyy bears out there still.

can anyone explain why or how we can't have a 5 wave advance here/ why we cant be a wave 4 consolidation pattern now/?



one has to