Replies to post #2283 on °¿°

[Myself °¿°]

SPX seems neverending...

[Myself °¿°]

INDU ...

[Myself °¿°]

OEX retrace ...
still in study so take it with a grain..........


Thoughts and Snapshots of Daily and 60m charts;

If I believe the overall downside isn't done yet
then this must be an ABC correction to the upside.
C's are commonly the same height as A's "but not always"
shown in pink on the daily.

The 60m is slightly overbought.
I can't see how OEX daily can complete C in 5 waves.
C will probably be done in 9 waves.
So if I call yesterday's high wave 5 of B...
(B) is not shown but you can see it @ the bottom of the channel on the daily.
then I'm trying to find an entry long @ the bottom of wave 6
How low does 6 go on the daily before it bounces.

Snapshot of the daily was done before the open




on the other hand
I don't like to trade this week or fridays.
So I don't know... I'm kinda stuck
The picture seems clearer though.