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Strategies & Market Trends : CFZ E-Wiggle Workspace -- Ignore unavailable to you. Want to Upgrade?

To: kckip who wrote (38518)	5/4/2021 7:11:19 PM
From: skinowski	1 Recommendation Recommended By kckip Read Replies (1) \| Respond to of 41493

Yes. The strong impulse down (likely C) changed the picture from a Triangle breakout into (apparently) a Flat. But - look at the rally that followed! Ended in the green. On 10 minutes, it looks like INDU traced out an impulse UP from the days low - and started the next one. Key support is the 34K area. If it drops under that in AM, it’s possible that the rally was a three-waver. Could mean that the correction is on. My sense is, however, that the upside isn’t quite done yet.

To: kckip who wrote (38518)	5/6/2021 8:32:15 PM
From: skinowski	2 Recommendations Recommended By kckip robert b furman Read Replies (1) \| Respond to of 41493

This 4th was a pain in the butt - but in the end, it looks like it was a 4th, after all. Looks like it was a WXY multiple three structure which ended at 4128.59 on May 4th. INDU made new highs... SPX is close to it. NDX is seriously lagging. Doesn’t even look like it’s planning to reach new highs. What’s after this 5th - remains to be seen. The bullish seasonality is over. At the very least we may be due for a larger correction.