Monday, April 25, 2016

Aaaaand ... cue the ending-diagonal

Now is exactly where we would expect to see one.  Waves (i) and (ii) in so far, on the way to new index highs.

SPX 04-25

Of course, we still want to see breadth and volume trail off as the tape grinds higher, into the May 11 turn window.

5 comments:

Hugh Jazole said...

I think left a comment a while back, about an ominous ghost print of 3 on BPSPX. I follow a few guys who are really on top of breadth. They're saying it's starting to look like that print was a major warning, and not just a an anomaly.

rose2797 said...

Hi Hugh, do you have a link or attachment if you can post for the ghost print for bpspx, when you see it

T.Berry said...
This comment has been removed by the author.
Hugh Jazole said...

Here ya go Rose.

https://northmantrader.files.wordpress.com/2014/04/bpspxd3.png


rose2797 said...

thanks