Chart/Signal Update

Though the equity indexes have taken out yesterday’s lows, this is a rare subjective day for the system. I will wait for the lower trend line and S2 to fail before taking the short (a break of SPX 1330). The indexes are way oversold and the bounce seems likely here. And, remember what I noted regarding the NYMO last night.

About alphahorn

I received an MBA from Columbia University’s Graduate School of Business in New York and am a Wall Street veteran. I’ve worked for a number of investment banks including Smith Barney and First Boston/C S First Boston in New York. Over the years, I have developed my own Proprietary Swing System and I combine that System with my own Elliott Wave Analysis to trade.

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