More evidence I do not think today started the dump. The sox clearly looks like it has another wave up. Maybe this 4 extends into a triangle and then moves up to 550 or so. I still think the Naz goes to the top of the wedge on the second chart. Although I must say, some stocks are looking broken, so maybe they do not rally all the way back up, but they do their 2 waves before the big big dump.
stockcharts.com[w,a]dhclyyay[db][pf][vc60][ilb5!lb14!lh5,5!li10,10!lp14,3,3!la12,26,9!ll14][J20676328,Y]&pref=G
stockcharts.com[w,a]dhclyyay[dc][pf][vc60][ilb5!lb14!lh5,5!li10,10!lp14,3,3!la12,26,9!ll14][J18457808,Y]&pref=G
stockcharts.com[w,a]dhclyyay[dc][pf][vc60][ilb5!lb14!lh5,5!li10,10!lp14,3,3!la12,26,9!ll14][J18449364,Y]&pref=G |
