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 ...
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| Wave 4 wiggle, sharp rally, as much as 40 handles |
1 comment:
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.
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