A key for the above chart to define the horizontal lines and dots. For further explanation, see this link:
Wish every day were like today.
The 4c criteria (like the 1a criteria) is more about trading price breakouts (using "breakouts" to be synonymous with "breakdowns").
I was late coming into the first short this morning
but if you go to a faster time frame you can see the ideal entry.
Higher time frame: Ball back in Bulls court...so long as this lower high doesn't hold
An update on the cycles posted the other day.
I'm suspecting it's either a complex Head & Shoulders, or a broadening wedge with a "Partial Decline". Either way, above 1512 (SPX Cash Market) or under 1500 seem to be the bull/bear lines.
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