Hi All here's an update at a point in time if you have been following this blog and the Vids we have milked it, pushed it or picked it well to this point.
Now where as for the world market's I would be very cautious.
Atm I'm just day trading stock's.
Things to note on the charts.
1.
Daily Candle Top at the SEC (Blue) 10pts short of the Inverted H&S Target in a W5. ( Bear in mind I could have measured it wrong, on the weekly I had 7pts less and it touched it.)
2.
Weekly Sell signal on the Dema's very similar to W4, Candles a Bear (but its not the EOW yet.)
3.
Monthly Candle has gone through the 50 sma (Blue) only to bounce off the outer Gann Grid, Stoch and Macd on the High side, Candle a Top (but its not the EOM yet.).
Daily Chart.
As I've been saying this is a W5 so when it finishes expect an ABC down, wether that is a down to sideways for a while verus a hard down is yet to be seen.
If you look at the 2 white arrows numbers 1 2 will give some sort of outcome to expect tonight or will it bounce off the Fib from the low of W4 to the last high at the 30ma (Yellow)?
My lowest low S/T would be the 10700 50dma (Blue) if the 30ma dosn't hold 10940 issh.
Imo the Candles a Black Crow they come in pairs (As in white arrow #1) most of the time and can come in 3's (That marks the end of a trend)
All the Daily Inds are heading South with the Short Exit and Entry Demas below the main Dema (Bearish).
Weekly Chart.
On the Weekly the Inverted HS Target was made now the Weekly SE Dema(RED) has been triggered just like W4 (I know its not the EOW yet but I dont think that will change with out a massive up to finish the week it's been trying to trigger for a while.)
The Macd and Stoch are on the down as well.
Candles a bear and can get more so, the Bollies are the most open I've seen them since March 09.
A break of the SEC (Blue) would not be good but could be on the cards.imo
Monthly Chart
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