Tuesday, June 24, 2014
is it finally time to tip the feeders????....heres what i need to see
AUG feeders have hit my target of 210.35 and actually was limit up hitting 211.00
I still believe that a top is close here to finish wave 5 of wave 3. I need to see a 5 wave push lower intra day to consider selling this mrkt.
IF we are close to correcting we should expect to see a deep zig zag for a wave 4, as wave 2 was a flat correction. This should target 194.51 and most likely lower to 189.64. (patience is the key here). still waiting but im getting antsy to short this market.
- I will put up a trade alert if and when I see what im looking for.
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