A positive UE claims report in the morning -- good news? bad news? who knows? -- will give us enough gas to hop over resistance and rally into Friday.
After that? I'm bullish ... on the ^VIX.
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| A weak W3, but still a legal 5-wave impulse |
Wednesday, August 8, 2012
Charts 8-08: rally into Friday?
Was that a 4th wave triangle today?
A positive UE claims report in the morning -- good news? bad news? who knows? -- will give us enough gas to hop over resistance and rally into Friday.
After that? I'm bullish ... on the ^VIX.
A positive UE claims report in the morning -- good news? bad news? who knows? -- will give us enough gas to hop over resistance and rally into Friday.
After that? I'm bullish ... on the ^VIX.
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2 comments:
Love this count as I came up with the exact same one earlier today. I think it is clean. We will see in the next couple days
What a snoozer ... wave 4 triangle still in progress, sir.
Looks like the market, she wants another week, could top into August op-ex and the New Moon.
I'll chart it tonight.
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