Today was odd. Overnight ramp up because china may allow its currency to be more flexible. A rally based on nothing. Nobody appeared to want to buy it. Volume was poor on any rallies today and not that brilliant on the sell-offs. i think its time to stick a fork in this market. Its done.
Some of the sub-waves in my synth count are getting a little convoluted and therefore there is still another chance of another Central Bank initiated rally, however I don’t think it will last long. I’ll just publish the synth count tonight, although Alt 2 from Friday also looks good. A few more days should clarify the count.
30 Min Count Update
Nice work apartofny. Eventually we should go to the downside targets of 975-995ish. Could still be a short term bull and upside targets could still go to 1170. Selling 1129-1131 in the next couple of days should be a good risk/reward regardless. My roadmap is a little different, the large move down from the April top to your Min 3 is wave 1 of A, the Min 5 low would be wave (3) of 3 of A and this a-b-c we've been in since is the 4th of A with the 5th to go down to ~1,000. If true, then think of the fun of B and C over the next several months grinding both bulls and bears out ending in the fall in time for elections. Enjoy reading you. Raptos
I need a primary count to trade against however I monitor many counts and i actually like that count, which I have been watching.