Market is trading around the 834 level 7:30 PM tuesday and this is very close to support area I have @ 832. An important level to watch overnight indeed.
Below that we have 823 and then 816.
This is my scenario here, I think after this week earnings and options expiration the market will find it hard not to get a decent retracement. Based on this I am basically looking for one last push higher into friday/monday before we start this retracement.
Not much is going on either way as this is the deadly WAVE FOUR pattern in the elliot wave and the most difficult to trade. I will pass my time till it is over and get a real trend going, WHY FIGHT THE TAPE, WE ARE IN CHOP MODE!!!
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