Try Harder!
Try Harder!
UPDATE 11:17am EST: It’s trying but not getting out of the gate thus far.
However, it’s possible that this is only a small consolidation before we descend further. I’m counting minuette waves down now and this could be 8 of probably 9 to complete Minor 3 of Intermediate (5).
I’m going to grab breakfast now for 30 minutes – keep a lid on the market while I’m gone 😉
UPDATE 12:00pm EST: Channels within channels:
Some SPY channels to watch. If you watch closely you can see a little inverse H&S – requires some imagination I know. Not sure what to make of this now but we should have resolution fairly soon – one of those lines will be broken.