EmanMcLaren is an enigma.He does project price and time but is...

Eman

McLaren is an enigma.

He does project price and time but is not hesitant in bouncing his projections given current action.

I think his suggestion of an exhaustion move at the moment is correct and the breakdown is any correction that exceeds 4 days. Just remember that the count starts from the day that breaks the low of the high day as being day 1.

I believe he is looking at SP500 1560 at the moment.

It all does seem to suggest that we are approaching an interesting time period over the next two weeks.

I am not a good short term trader, unlike a few here on the XJO thread.

I like to look at the historical perspective and while that can give pause for thought, is not the best day to day approach.