ETF SWING & DAY TRADING

[euterpe1]

Gap count now stands at 4. Two above and two below. We will likely fill the 2562 gap today. Cash is king but we have the potential to make a W bottom here. 2490 needs to hold. If we can touch down to that level tomorrow or close to it, then it would be a lower risk entry, with the possibility of launching us back to the 2690 level to close the gap above. If all that happens, fundamentally I would have to look at reshorting the market on the potential double top...and then again I could be completely wrong, ha.

http://stockcharts.com/h-sc/ui?s=$COMPQ&p=D&yr=0&mn=6&dy=0&id=p03909472286