Wave F Topped 12/23 - Seasonal Pull on Wave B
This is what I think is happening. Wave F topped Dec. 23. Seasonality is pulling hard on wave structure crushing any selling I thought we would see late December..
Wave A has become completely distorted and almost unrecognizable by seasonality and the missing wave structure from the long holiday....but the timing is there for wave A to have finished on Jan 4 as a 12-13 day wave.
Interesting area for a short trade will be any B wave top around January 11-12 befor wave C of G selling into the Hurst 20 week lows....
posted by chartblog at
3:01 PM
1 Comments:
Friday's market closed down on upside surprise data, and changed it's recent pattern of down until Europe closes, then rally. Long duration assets traded up into the close. This SPX rally is getting stale.
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