The preferred count is first. The third wave just held inside of 100% times the first wave. The pattern has the 'right look' to it with a nicely deeply retracing second wave and interior 'three-wave' sequences.
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| DJIA - Daily - Diagonal? |
In the second chart, below, the alternate, the triangle looks "cut-off" in other words, price hasn't traveled very far towards the apex of the potential triangle lines.
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| DJIA - Daily - Triangle Alternate |
Yet, there is already a higher high. Therefore, it is the alternate at this time.
Have an excellent start to the evening.
TraderJoe
YM (dly) - aligned with cash ?
ReplyDeletehttps://www.mediafire.com/view/ujgckn51k4nl1af/Futs.PNG/file
On a 4hr chart, one can see the nice double failure swing low that kicked things off.
Deletehttps://schrts.co/RdPuwzBK
ReplyDeleteTNX - is sitting at the neck line of a inverse H & S pattern. I can’t imagine this full filling that target.
Reminder: prior FOMC meeting minutes at the top of the next hour.
ReplyDeleteTJ
ES 1-hr: Jan 3 low exceeded lower.
ReplyDeleteTJ
SPY 30m - ORs and pivots -
ReplyDeletehttps://www.mediafire.com/view/p3c5u2xqlny7k6m/30SPY.PNG/file
From CNBC:
ReplyDeleteStocks fall after Fed hints it may be more aggressive at removing stimulus
TJ
12/27 missed daily pivot now hit, open gap not far below.
ReplyDeleteTop of 12/23 gap hit
ReplyDeleteA new post is started for the next day.
ReplyDeleteTJ