Monday Update

Today’s big move confirmed the short for Financials, and sounded Alerts for the SPX, DOW, RUT, and Nasdaq.  Only Real Estate and Energy are thus far weathering the storm.  The Alerts still need to be confirmed tomorrow.

Tomorrow could be green under all the counts, but should it close red, then the two remaining counts will be the leading diagonal for wave (1) of primary wave [3] under the bullish count or we’ve finished or about to finish wave (2) of [C] of Cycle 2 under the bearish count (not shown below, but on my daily Renko chart under Big Picture Count).  However a nice spike up keeps the immediate term 1,2,[i],[ii],(i),(ii) count alive and 1400 should be realized in a hurry.

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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