This is what I see as a wedge on the 60 min Dow daily chart:
Yesterday NQ futs failed to break 1800. The Dow futs failed to break 10100.Oil has been struggling to break $76 and guess what someone said on 6th July about oil? Up to $76 then down to $60: Wave TimesFTSE has made a double top at around 5140.The wedge on the chart could be a wave "B" in an ABC correction where wave A was about 1000 pips on the dow so we could be headed for 9100 if this is the turning point.
Comments