Well we didn't get the rally I was expecting on Friday but I still believe we are near the bottom with a big rally around the corner. Nasdaq futs seem to be in an extending wave 5 down. Once this sell off ends we should see a correction and up we go.
The Dow seems to have completed 5 waves down and is now is a complex correction. We've had an expanidng triangle which is rare (and threw me off the scent on Thursday/Friday) and we now have another, smaller expanding triangle just below the main one.
The divergence on the 10 min Dow chart suggests a good chance of a rally today.
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