After today’s slightly higher high on Cubes DOWN wave on yesterday's 15 min chart be gone, but W5 (on QQQQ – don’t get as confused as I am) is very close to projected target area of around $41
Here is an updated chart of /ES
ALL elements of this chart have been in place for a long time - except for adjustment of March low to current high.
It is striking how all major levels suddenly aligned the moment current high on /ES was put in place
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Disclaimer: This website may include stock and market analysis. Any opinions, ideas, views and statements expressed here are opinion only, subject to change without notice and for informational purposes only. Trading stocks carries a high degree of risk. It is possible that an investor may lose part or all of their investment. Accuracy and timeliness of any information is not guaranteed and should only be used as a starting point for doing independent additional research allowing the investors to come to his or her own opinion. Nothing on this blog is to be considered a buy, hold or sell recommendation. Any investments, trades and/or speculations made in light of the opinions, ideas, and/or forecasts expressed or implied herein are committed solely at your own risk, financial or otherwise. Results are dependent on market conditions, timing and trading style. This blog is not affiliated with Tom DeMark in any way and does not claim to represent his estate or personal views. Any references to Tom DeMark or any of his indicators are for educational use only. Comments posted on Disqus Threads are not moderated and are not representative of opinions of authors of this site.
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