Possible Scenario: Imminent move tomorrow, mostly consolidation today still could be forming a new A wave for a recovery ABC pattern and at least form a top H&S over the next few days. Also if we Gap above 1050 then I would expect continuation, however if we remain flat or gap down I would expect more consolidation/downside movement although that would be strange with how far down we have come already.
BAMM! Another good prediction as yesterdays no strong prediction tends to be indecision within the market equaling the doji today.
My expectations for the SP-500 are based upon the current down channel.
Mixed Reviews for all setups leaning towards a bounce for R Shoulder.
Breakouts: $AHC (Brokeout) , $CTDC (Set Order just above High resistance)
Breakdowns: WOW 56 Picks I'm not listing them all but could be a bounce as they are not taking out their lows. (Set Order just below Low resistance)
Dip Picks: $IO, $CNOA, $CVO (Look for Gap up Tomorrow)
Rip Picks: N/A
Top Pick: Hedge or Stay in Cash. (Look for gap downs or gap ups bey)
Top Missing Piece: R Shoulder will it come???
Update from yesterday the Short banks would be on a breakdown not a Gap down (Learning)
Good Luck,
Tyler
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