The TradingEdge

[jxyzobrien]

don't over think
in subwave 5 up, breadth ticks good and above spx 15 50da ma
this move can get ridiculous.


this crap about just using just complex EW is not enough.

we went back into value area and lower prices were rejected.
that said if you decide to get out early there is nothing wrong
with that. scaling out is no crime. markets closed monday.

market has just run up 8% so it is getting late in the move.

60 min spx RSI at 68 so not done yet