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S&P 500
5,460.48
(
-0.41%
)
US TECH 100
19,170.40
(
-0.49%
)
Dow Jones
39,118.86
(
-0.12%
)
Brent Oil
84.92
(
-0.58%
)
Bitcoin
60,165.44
(
-2.35%
)
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techcharter

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techcharter

Re: None

Thursday, 09/09/2004 9:17:33 AM

Thursday, September 09, 2004 9:17:33 AM

Post# of 51804
Pop And Drop

Premarket Futures indicate a strong open for US markets. The best E-Wave count is a wave 4 triangle ending yesterday. Triangles are followed by swift moves typically the height of the triangle. This where the pop comes from.

This is opposed by DAX, FTSE, and Nikkei being decidedly down. The US markets have also have overbought stochcahstics and weakening MACD (momentum). This is where the drop comes from.


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