What Needs To Happen Now
Morning my intrepid stainless steel rats. Forgive me late appearance but I simply couldn’t roll out of bed this morning – had to catch up with some much needed sleep and my bed was way too cozy and warm. You can blame that damn heating blanket Mrs. Evil bought me a while ago 🙂
Okay, so this is what has to happen now – per the chart above we now need to see yesterday’s lows (SPX 1042.19) to be taken out with conviction. And that’s pretty much it, folks – really nothing to be said about the wave count.
Nice move also on the Dollar front – and similarly we need to take out Wednesday’s highs (78.58) and that soon. So far it’s looking pretty motive and I’m sure a whole bunch of Dollar shorts are running around with their hair on fire as I’m typing this.
May I kindly point out that 2sweeties’ DXY long RL at 75.93 held up just famously? 🙂