Elliott Wave Live: Elliott Wave Live Pre Market: July 8, 2010

Thursday, July 8, 2010

Elliott Wave Live Pre Market: July 8, 2010

Good Morning.

The overnight session is flat, and the market is overbought. We are currently working wave (iii) of (v) of c, of wave ii (circle) at the 60 minute chart level. It is possible that wave (iii) ended yesterday and wave (iv) is forming in the pre market session. More price data would be needed to confirm this assumption. So I'll be looking for a modest decline early on today, followed by a final push up. When wave (iv) has completed, I will be able to generate termination points for wave ii .

Best of Trading!

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Thursday, July 8, 2010

Elliott Wave Live Pre Market: July 8, 2010

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