A Apparently the red count was confirmed by day and festive treat this time it hit the bulls. Broken
the minimum indicated on Monday outside the market (futures treated up to 17.30), began the descent hold. During the day we have seen, shortly after opening, as usual, buy the dip, which had always happened in recent months, but not today. The 2350 target was reached soon after, and the next, which I placed in 2311, almost chiusura.I next targets would be 2290 and 2250.
The possible counts are now so many that it makes no sense to post them, of course, historically the daily candle is the worst that could appear on the chart and promises a continuation of descent for a session at least, they entered short near the top, encourages them to maintain their position. Today
clearly there have been numerous purchases, but totally inadequate to compensate for earlier discharge and, above all focused on the SP500, but were rather mild on the Nasdaq. Now this may indicate future realignments except that the SP500 will have a less negative performance, but considering that the Nasdaq has shown us in advance of the weakness of the market tends to assess further its particulars than those of SP500, directions that promise still down .
course corrections can not be excluded on the upside, the target is more immediate rebound share in 2350/60 where inputs could be groped short late.
For the SP500 will be important in the rupture of 1310 and 1300 to continue the descent, but it shows stronger, so I prefer the Nasdaq for the short operation.
the first target date of the descent should be between 3 and 8 March.
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