Possible Scenario: Right on lower trendline, if we gap down I'd expect consolidation. In the event of a strong upward move I would expect the top of the C wave to end near 1068 tomorrow. In the event of a weaker upward move I would expect more continuation in the upward channel.
BAMM! Another good prediction as yesterdays Imminent Move on Breakout lead to more breakout... but once again my crystal ball only worked until mid day as the WTF pattern showed up at the end of the day.
My expectations for the SP-500 are based upon the current rebound in the channel.
Breakouts: $ERES, $TSYS, $GSS (Set Order just above High resistance)
Previous Potential Breakouts (Looking back 5 days): $AHC (Took Profit), $CTDC (Waiting)
Breakdowns: $INTC, $CMVT, $PNSN, $COCO. (Set Order just below Low resistance)
Dip Picks: $RAME? (Look for Gap up Tomorrow)
Previous Potential Dips (Looking back 5 days): $IO (Setup was correct but look to exit break even), $CNOA (Not Confimed), $CVO (Look to exit breakeven)
Rip Picks: N/A
Top Pick: Hedge $ERES and $INTC on confirmation. (Look for gap downs or gap ups beyond resistance)
Top Missing Piece: R Shoulder Coming???
Update from yesterday two bad entries on the Dips look to break even on them.
Good Luck,
Tyler
No comments:
Post a Comment