Its formed a M which is a double top, but this one is a bit skewed. I want to sell it for a down move on the middle of the M.

might get a good jump off this line. buyer again.

Today is a good day for scalping. Fifty or hundred here and there. The market appears to be moving slightly up and sideways. The brown line should turn it up.

Pop toward end of day and I believe longer term the 2895 will turn it south. The channel appears to be changing so I buy on the dip.

I got to the computer late and my order is higher then I wish. Watch close and might have to exit and enter again, long. The channel again has changed a bit. Indicating running our ot steam. It needs to explode out of top to reaffirm the bull left in it. Those are my thoughts.

silly 

I got to the computer late and my order is higher then I wish. Watch close and might have to exit and enter again, long. The channel again has changed a bit. Indicating running our ot steam. It needs to explode out of top to reaffirm the bull left in it. Those are my thoughts.

im long the exact same spot, good luck


-P

I bailed on the trade and the blue lines are a corrective wave and may violate the lower brown line a bit. Looking to go long yet, again. I see some one joined me and hope they bailed before a lost or only a minor one. Going long will be closer to the brown or blue lower line.

bigger correction then I thought. I exited and re-entered on the first blue line. The whole day most likely will be spent in this blue line area. The brown line down would confine the wave down. Since if it breaks the next blue line we can only wait and establish an upper line.

Should get a pop here soon.

A wave down to green arrow is wave A, and the B wave going up, and then red down is C wave. It should end around the low of the green arrow. Then I watch the pattern going up, to see if it will be a wave five failure or gain new highs. Now I expect it to gain new highs. But look for a 1-2 pattern. The larger it is indicates how high and draw a line off it for channel and to indicate the end. If this C wave is extended, which means much deeper then the green arrow. Wave five will fail for sure. That is my thoughts.