Sharp Reversals

Tuesday brought us some sharp reversals in the markets.  Let's take a look and discuss the short term as well as the longer term.

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Tuesday March 13th

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March11th – Weekend Wrap Up

If you have clocks that are not automatically calibrated ( Cell Phones and Computer clocks are, microwave oven clocks and wrist watches may not for example),  You want to turn your clocks ahead 1 hour this morning  🙂

 

SPX - The expectation on a possible a-b + c-d extension is shown in green. The pull back into a dcl and further upward gains is a possible cup & handle, but this is just one idea going forward.

 

This would follow what we have already seen with SOX & NASDAQ

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