Will today provide the "low of the week" for a swing buy into Friday? That's what the ChartsEdge weekly forecast suggested, for equities as well as gold (maybe oil too). Nothing is ever guaranteed of course. In fact, Monday's morning low may have been it, with today giving a higher low, but if it's an EW flat pattern then today's low can be either higher or lower. That's just my own thought; and of course Tony Caldaro with his OEW, and separately Andre Gratian, and Terry Laundry, are examples of fine analysts with their own updates for traders that my readers may want to be checking. All I really know is, if we get lucky enough to see the mid-1140's in the S&P 500 index, I'm going to try a big buy for short-term swing at least (but will stop out if it goes under 1140 to re-assess for the next entry). So be careful out there as always, and happy market navigating!
And - here's today's Pattern Recognition map from Mike Korell (thanks again Mike!) at his ChartsEdge Daily Maps page, http://www.chartsedge.com/wp/
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