The retest of the high, ES @ 1038.75, failed miserably today, despite crashing of the USD and every kitchen sink that Ben Bernanake could throw at this market.
Also, this completes wave B up, considering the previous wave down to be A down of the ABC correction from the high at 1038.75.
Tomorrow, should be the beginning of wave C down. We will, most probably, open with a huge gap down.
The retest of the high, ES @ 1038.75, failed miserably today, despite crashing of the USD and every kitchen sink that Ben Bernanake could throw at this market.
ReplyDeleteAlso, this completes wave B up, considering the previous wave down to be A down of the ABC correction from the high at 1038.75.
Tomorrow, should be the beginning of wave C down. We will, most probably, open with a huge gap down.
Carl, Good luck on overnight long position!