the action stopped an hour before close because the chart hit a pivot point.. borerline of downtrend to continue or uptrend to continue.. the twatt that push the SP down on close wanted to make it look as though there will be more down trend..In charting terms the pattern looked like a H&S correction..
the SP held up well and did not sell down to the possible H&S correction pattern..
IMO that was bullish and showed strength..
well if that was wave 1up.. can't wait for 3 and five..
3 begins tomorrow IMO...
i am expecting to see 1.3 -1.7 tomorrow..
just my opinion...
and wouldn't that be nice, with a close over 1.0..
CS
MPJ Price at posting:
0.8¢ Sentiment: Buy Disclosure: Held