On the tape again (something similiar for previous 800).
Considering W1 would be similiar size as W2 I shorted it again. On rare cases W2 can come 110% from W1 (or then it´s B wave). There´s very clear impulse again in the chart. Should know these banks stocks are going to fly with Obama toxic assetts plan.
With that oil chart below, it looks alike overnight it plunged small A wave down, then tiny B wave up again. The completely diagonal is likely A wave, where B would correct it – not an impulse as I marked it in the bigger picture.
If these levels breakes in here to the upside, something very alternative by EW point of view is valid.
With Oil short my stops are placed at 56$ and with SPX in 813. I wasn´t actually planning to short SPX anymore – but coudn´t resist….
