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| looking south over Sahale Arm, North Cascades NP |
First order of business this week is to get back to 1978 SPX for a bounce; then we can reject off the old channel in a few days. This will give us a stealth wave 1 off Friday's high.
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| SPX 09-22 |
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| SPX 09-22 3PDH |
3 comments:
If SPY AH is any indication, it looks like we open at that 1978 low in the morning.
Aaaaaand there's 1978 SPX.
Halfway-back retrace up at 2000, which is also the old channel lower bound -- tomorrow (Thursday).
We either kiss it back and head straightaway to 1925, or the bears get one more shellacking.
Blow up the world.
I dunno, maybe it's just my bias, but the tape this morning feels kinda bearish to me.
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