A moment of clarity?…

0524spx

http://stockcharts.com/h-sc/ui?s=%24SPX&p=D&yr=0&mn=6&dy=0&id=p70142979615&a=266398464

What might be an A_B_C or an alpha-beta wave is throwing off buy signals.  Here in the SPX the pattern is not as clean or striking as in other issues, but after listless sideways drifting today looks like at least a small explosion and the buying signals should not be ignored.

The signals occurred across the market in all the indices.  Here is the QQQ:

0524qqq

http://stockcharts.com/h-sc/ui?s=QQQ&p=D&yr=0&mn=3&dy=0&id=p87133033658&a=435391165

The rally is broad.  Here it is occurring in the IWM.  This is optimistic for the market as a whole.
0524iwm b

 

http://stockcharts.com/h-sc/ui?s=IWM&p=D&yr=0&mn=3&dy=0&id=p48723314426&a=229975465

http://stockcharts.com/h-sc/ui?s=IWM&p=D&yr=0&mn=3&dy=0&id=p48723314426&a=229975465

0524iwm

 

http://stockcharts.com/h-sc/ui?s=IWM&p=D&yr=0&mn=3&dy=0&id=p48723314426&a=229975465

Readers should remember that we are in a market of extreme treachery.  Our interpretation here would be unassailable in a trending market.  In the present  sideways contrarian market one must be alert for  bear attacks.  So set stops 5% down and honor them.

 

 

 

 

 

 

 

 

 

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