Not Giving Up on Long Side - SPX Building a Springboard
My July 27 date (which I interpreted as bullish) has obviously inverted, but with all this weeks selling, there has been no technical damage to the uptrend which now appears to be in a b-wave before the bullish astro dates ahead.
This weeks selling doesnt look impulsive either, it appears corrective.
Key Gann dates ahead are August 1-2 and August 8-9
This weeks selling doesnt look impulsive either, it appears corrective.
Key Gann dates ahead are August 1-2 and August 8-9
posted by chartblog at
1:08 PM
2 Comments:
So your saying the bottom is in? I would think we go down into Aug 1 bradley date at least
Finally got some panic selling today...but the equity P/C (CPCE) remains relatively complacent.
MCO's, and tick appear to be moving into oversold territory so it will be interesting to see whether Thursday is a consolidation or bounce day.
Hope the bullish patterns play out but after reviewing charts and other technical data, I am concerned about enough short fuel for a significant rally.
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