Apr 15, 2015


SP500 touched 2083(close to my target 2080) and moved higher, but it does not feel right. It looks more like a-b-c and I suspect we will visit 2080 again.
RSI and MACD divergence, the DAX does not look ready with his correction only choppy moves to the upside... careful with longs.
This will be negated if the indexes reverse sharply and SP500 moves above 2108 c=a and the upper trend line connecting the last three highs.


  1. Replies
    1. The DAX plunged lower as expected and it the US indexes will look much better if we see one more leg lower for B (or E), but we have the required minimum already .... such short term calls are always tough to nail....