Did I say something was wrong with that third part of that corrective wave? Volume still looks good, somebodies are trying to buy. As I type we are getting a new high again... if it persists I'd worry.

White has a new corrective wave.... If you can see the yellow trade channel.... That is looking more probable... This Certainly Feels like a Wave 2 correction in our downtrend.. and would be part of my dow 10K call.. Ridiculous the mediocre performance of the skf.... The tick values of this move show it's not sustainable.

I did talk about us having an upday on Thursday...... I think... it is in my model.

We are working on a 76.4% retrace. There is and inverted Head and shoulders that takes this to 1350 or 135 on the spy..... ... there is also a developing wedge reversal.