Monday Update

Energy triggered a sell/short Alert today and needs a close below XLE 37.01 to confirm that Signal. Otherwise all indexes except Real Estate remain on long/buy Signals.

Perhaps a first move toward confirmation of either a minor wave 1 of (5) top or a top to the entire primary wave [1]. We need to see confirmation by a print below 3633 to confirm the top was in or a new high to confirm that the top still lies ahead.

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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