Elliott Wave Live: The Market Pulse

Monday, April 4, 2011

The Market Pulse

Today was certainly quiet as the ES_F was net sideways. As I mentioned in my weekly edition of Heard On The Street for 4.3.11, the intraday internal structure looked like w.iv circle was unfolding. Today, continues that thought process as the structure counts incomplete and has yet to reach the .236 or .382 retracement levels.

Quite possibly a complex pattern will develop to reach those levels, however while the market put most to sleep, I noticed that today was an inside day that are often followed by volatile sessions. So tomorrow may set up as a trend day. With the current elliott wave count calling the market lower odds favor the downside.

Let's hope tomorrow will be a great trading day.

Best of Trading

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Monday, April 4, 2011

The Market Pulse

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