Perhaps water might not be much capital gain product & chart but many food indursty stocks appears to have something similiar, the difference is that I can actually recognice 5 wave structure from upmovement which of cource can be also ABC where C breakes for 2 own waves in which case it would be A wave and next down as B but chances are there also.
Basically W2 conditions retracement twice from 2 different degrees and place.
Weird market, first it was small financials, then as bio´s next, then constructions and materials and then after christmas natural gas and now everything which can be eaten. Also some telecom´s & electronic / semi charts appears to me for me very bullish what they are building but it´s also very selective and concerns only few names only which have reasonable good chart.
And all this time SPX is just floating there about +-0 pretty much.
