6's & 7's

On reading the blogs today even ardent EW bears are favouring a new recovery high.

One thing I learnt when there is a change in trend it comes from nowhere.

I am holding out for a strong down day today, which will place the bears at 6’s and 7’s.

 

I think this surprise rally is needed to create a 3^rd of a 3^rd wave to the downside.