Monday, August 13, 2012

Charts 8-13: We're not going anywhere


Still targeting the upper Bollinger on the weekly SPX, up at 1430, preferably starting mid-session Wednesday.  Thursday would be the central thrust of that wave, presumably on UE numbers.

Here's a napkin count of the wiggles.  Will UVXY make it to a 3-handle this week?  Could be ...

Wave 4 wiggle, sharp rally, as much as 40 handles

1 comment:

christiangustafson said...

Ulp, looks like we get the start of the last pop today. The futures bumped up last night, but I was skeptical until Dr. Copper eventually caught up.

The flatline on SPX since 8/7 is just sideways, not a triangle, more like one a part of those 3 Peaks & Domed House diagrams.

We'll let's finish up at 1430 on the weekly, then.