The wave 2 retrace did not make it to the 0.62 retrace level, but close enough. It looks like we have started minor 3 and are looking to finish minuette 1 of minute 1 looks to complete in the next couple of days. Then the retrace up for minuette 2 and a sharp drop for minuette 3 is shown above.
EW count above tries to predict the future. BPSPX:CPC was sharply down and we will see the 20ma curl over. Once it curls, its time to go short big.
VIX daily touched the upper BB. There is room for a little more wiggle up and then a trip back down for minuette2.
The wave 2 retrace did not make it to the 0.62 retrace level, but close enough. It looks like we have started minor 3 and are looking to finish minuette 1 of minute 1 looks to complete in the next couple of days. Then the retrace up for minuette 2 and a sharp drop for minuette 3 is shown above.
EW count above tries to predict the future. BPSPX:CPC was sharply down and we will see the 20ma curl over. Once it curls, its time to go short big.
VIX daily touched the upper BB. There is room for a little more wiggle up and then a trip back down for minuette2.
