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Yesterday the SP closed at overbought levels with RSI at 80....

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    Yesterday the SP closed at overbought levels with RSI at 80. Today’s was a healthy pullback from those overbought levels with strong accumulation, vwap at 4.69. All TA indicators still strong and pointing to a bullish uptrend. We are half way in wave 3. If US indices hold up at support levels we will continue upwards steadily. All imo.. dyor.

    some info on Elliot waves:
    Wave 2 is typically 50%, 61.8%, 76.4%, or 85.4% of wave 1.
    Wave 3 is typically 161.8% of wave 1.
    Wave 4 is typically 14.6%, 23.6%, or 38.2% of wave 3.
    Wave 5 is typically 61.8%, 100%, or 123.6% of wave 1.https://hotcopper.com.au/data/attachments/1752/1752027-7412cae69ac74c15704e8b198e78e38d.jpg
    Last edited by hillsman: 02/10/19
 
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