Stale action for the time being, so stay alert – that is when it gets you
Few Intraday charts
(SPY) – unconfirmed wB of UP seq
(QQQQ) – unconfirmed wB of UP seq
At this point IF I was short from the open (could not wake up) – I would keep shorts on the very short leash – no matter if new day low will follow – bounce in wB is likely. That is what I am watching now – what wB will look like, if it will be flat – we might just get extra selloff by the end of day.
Speaking on relative positions within daily price projections – both SPY and QQQQ still have not broken lower “tolerance” level therefore hinting possibility that LOD was set already. Again – all I can do at this point is to watch for wBs to reveal themselves on intraday 18min.
P.S. Time and again I cannot not to express my deepest gratitude to “K and Co” for marvelous transformation they brought to this place – I think I am crying :)