SPX - 120 minute
To reiterate so there is no misunderstandings, this very bearish wave count on the 2-hour chart only becomes a serious consideration if that wave 3 low gets taken out with a powerful wave down, sometime later today or at least no later then Wednesday.
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4 comments:
Did I miss your discussion on how you use BWT into your trading analysis. Never really tried using CCI.
What is that new trend line on your charts(the navy one coming in at 991.45)?
I'm impressed, sharp eyes, that is indeed new, it's an ATR_TrailingStop indicator that a reader pointed me to about a week ago, it's in beta test mode and I have it on all of my BWT charts, more later if warranted.
Re: BWT discussion
More or less an ongoing discussion going back toward early 2009.
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