Wednesday, June 01, 2011

Missing C wave? out of a Brach Zone

Today is a partial solar eclipse amplifying any negative vibrations traders are feeling...The selling looks like a b-wave into a Brach Zone and declining wedges are continuation patterns which have a strong bullish bias.

Brach Zones are 62%-78% retracements. Any c-wave out of this pattern could easily rocket the SPX above 1350.


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