Break soon...rising wedge right now

Going to break hard any minute now....

Similarities never end...

Many similarities to the pattern that formed prior to the election. I guess some people would call it a fractal. I am still bear because the rising consolidation is similar to a rising wedge in that they are both bearish no matter how you entered the pattern. Both are fight between the bulls and bears before further direction is determine, the majority of the time it will be bearish. It is not guaranteed.
But along with that, we are currently over bought on the stochs in multiple time frames. If you consider we might trace out a similar pattern, we will hit a bottom around 12/14 (Bradley turn date...go go gadget Tea leaves!)...then we Christmas rally, perhaps something similar to 11/13 -11/14...but more stretched out. Then a slide into new lows in mid Jan...(which might be close to the 1/20 Bradley Turn date).

Ok I don't believe in Bradley turn dates...but what the heck they seem to line up :)

How about an E-wave chart?

A couple of e-wave scenerios. The dark line is the most conservative, if this count plays out. The red line is a less conservative possibility. Wave 2 may not have ended today and can take us up a bit higher. Of course, wave 3 down will be made up of 5 waves in itself.

Intraday post

At the hospital...so what I might as well post a chart. I think at most we get up to 84.50-85 range. Then a bounce back down to 80 by Wednesday.

Thats more like it...

60% of my put position for a healthy profit today. Looking at 80.3 tomorrow as the target. Will sell 50% there and play the rest by ear.
SRS also posted a healthy return. I expect the next two days of trading to be a bit choppy, with a potential drop on Thursday. Will post a new chart later tonight.