ajtj99's Market Pulse

[steveftw]

It looks to me like we're close to completing a full 5-wave up on the 5 min scale at this point (Q's).

VIX is falling into a rising trendline, and could be due for a bounce.

Don't be surprised to see a pullback for the next couple of hours while the O/B gets worked off in an A/B/C down before we start back up again.

Coincidentally (or maybe not), I've got 28.80 as horizontal resistance for the Q's as well.