Recently it seems that virtually everytime there’s a choice between a bearish count and a bullish count, the bullish count wins. This was once again the case yesterday, as the bulls did what they needed to in order to knockout the bear coun…
Tag Archive for Wave Form
Charts and Trading, Latest Business Headlines, Pretzel Logic E Wave Analysis and Market Commentary
SPX Update: A Dangerous Position for Both Sides of the Trade
by Pretzel Logic • • 0 Comments
Yesterday’s action removed some short term options from the table, but has still left the pattern open to interpretation. It appears that I had Friday’s decline labeled properly as an impulse wave, but that doesn’t tell us with certainty whether …
Charts and Trading, Latest Business Headlines, Pretzel Logic E Wave Analysis and Market Commentary
SPX and SLV Update: We Were Ending Diagonal When Ending Diagonal Wasn’t Cool…
by Pretzel Logic • • 0 Comments
Okay, so that’s a stretch of a title. I’m trying to echo the famous Barbara Mandell song. The original song was of course titled I Was Ending Diagonal When Ending Diagonal Wasn’t Cool — my change to “we” definitely…
Charts and Trading, Latest Business Headlines, Pretzel Logic E Wave Analysis and Market Commentary
SPX and Dow Updates: Bears Fire a Shot Across the Bow
by Pretzel Logic • • 0 Comments
The bears finally showed a little bit of strength yesterday, although the decline was almost entirely retraced by day’s end. Before I get to the short-term bear counts, I’m going to present the slightly more bullish alternate, then…
Charts and Trading, Latest Business Headlines, Pretzel Logic E Wave Analysis and Market Commentary
SPX Update: ‘Twas the Top Before Christmas?
by Pretzel Logic • • 0 Comments
There’s been no material change in the counts since yesterday. The primary occurrence of note on Thursday was the SPX reached the 1254.50 target.
If this is a corrective second wave, as the bearish count sees it, then a top is f…
