Not much to say, the 30 min and 60min now overbought as stated that the markets should be up yesterday. We should get the nasty wave C down today and I target SPX 1220 today or early next week. So we should have a good day to the downside today and thats why I stay short and still long the dollar. I expect a move to the 1180 area before the new year. The dollar is consolidating in this area for some weeks now 78-80ish and is about to get its wave 3 up to 84.
The top MIGHT be in, not sure, but there is so many bearish divergences you should NOT ignore it.......
Have a nice day and good weekend !
You've been basically saying the same thing for 3 months now while market keeps going up. Good luck. I'll be a bear (for short term pullback) when you become bullish.
ReplyDeleteThis guy have seen "bearish divergences" often too.
ReplyDeletehttp://www.youtube.com/user/PSAadmin#p/u/51/ZMptiulreJA
Now his ex followers regret following him and he turned a bull.