Aug 12, 2014


SP500 is moving as expected - a little bit higher and a dip lower.
Yesterday the shorts were squeezed and in the afternoon the dip lower has begun..... now the reaction lower looks like it should finish soon.

I do not know if the count is right, but it is more important that the move higher looks like an impulse and the move lower as a correction.


  1. thanks for sharing the good job,.... most probably you are right since your forcast match some other as well, there should be a rally ( not too crazy high) till next few days

  2. Yes, it looks so - more upside but nothing huge. Strong reversal and two days no follow through, the strength is missing....
    It looks more like an oversold bounce