It looks like this wave wants to chop everyone... It broke 3 times today below the blue TL, but reversed every time. The red TL is no longer important, it was finally overtaken, but the purple TL I highlighted this morning contained all rallies so far, except for brief spikes.
Once that goes bulls might get some hope to get to the upper blue TL around 10380ish. I would be long on a sustained break.
GL out there!
Btw, an interesting read from mcm:
mcm-ct.com/blog/rest...s-downside-breakout/
Also, just to say that the dax tools are alive and well. I have been using them and the signals have been quite useful. If you are interested in the analysis please write to me any time at alex@mcm-ct.com
Once that goes bulls might get some hope to get to the upper blue TL around 10380ish. I would be long on a sustained break.
GL out there!
Btw, an interesting read from mcm:
mcm-ct.com/blog/rest...s-downside-breakout/
Also, just to say that the dax tools are alive and well. I have been using them and the signals have been quite useful. If you are interested in the analysis please write to me any time at alex@mcm-ct.com
