Smart Trades Update 8.3.11 S&P, QQQ, Euro, Bonds, Crude, NG

[ednan9]

I guess you turn bearish....today was feroious...test 1170 next hold on S&P 500 (wild wild guess)

[T1systems]

@ednan9 Yes, and 1170 (1173 to be exact) is the next target. Only a close tomorrow above 1220 would give any hope to the corrective pattern scenario IMHO.

[ednan9]

@T1systems if this is not corrective then would this be wave 1?

[wavetimerny]

fyi .382 1234 double zigzag 4th wave low is in spirals 7/29 to 8/2 myself fully long calls 1440 also long puts on gold and sf

[wavetimerny]

fyi .382 1234 double zigzag 4th wave low is in spirals 7/29 to 8/2