AI
Saturday, September 01, 2018 9:40:15 AM
Channel held so EW count changed.
5th wave started yesterday
normally a move is not this long and we would have had some selling
for at least a few days after a 3rd clear high.
the market after all had an excess high and RTH and ATH highs were the same
so the market had done its job.
EW count had an extended 5th subwave and hit the top of the channel.
But unless we gap down hard tuesday the up move is not done.
when the market had an equal numbers of buyers and sellers and went sideways this is the market balancing.
Markets can go up forever if they hold the short term channel.
5th wave started yesterday
normally a move is not this long and we would have had some selling
for at least a few days after a 3rd clear high.
the market after all had an excess high and RTH and ATH highs were the same
so the market had done its job.
EW count had an extended 5th subwave and hit the top of the channel.
But unless we gap down hard tuesday the up move is not done.
when the market had an equal numbers of buyers and sellers and went sideways this is the market balancing.
Markets can go up forever if they hold the short term channel.
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