Professor’s 11.45 Update – Wed, Jul 1st, 2020

Posted by professor  at July 1st, 2020

Just got a great question from Linda S. asking where the add on is for DXDs. .

Here’s what I told her….

As a minimum I need to see the Scalp Trading Momentum indicator on the 15s to go negative. Then the 30s and finally the 60s. I really want to see 25,000 broken for confirmation.  Remember, if 25,000 is broken, my target is below 23,000.  My real target target for Wave 3 down is 22,800 or below.. So I’m not in any hurry to get aggressively short until I see 25,000 broken. That’s where I will no longer fear a run up back to 26,700.

h

Not sure of the terminology we use? Check out these articles

The Hockey Stick Pattern
The Creation of Waves and Trends
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