Majopr Support - Market Analysis on Aug 24th, 2015

This warrants a full email to the entire membership based upon what I sent out before:

We are now hitting the region of the .236 retrace of the larger degree wave 3.  this SHOULD and often does mark a bottoming region for an a-wave.  But, don't be a hero.  allow a reversal to take hold over 1900 before looking at the long side.

Again, this is a very dangerous region for the Market, but we are seeing MAJORLY oversold reading and we are in a support region.

UBERBULL COUNT
UBERBULL COUNT
Avi Gilburt is founder of ElliottWaveTrader.net.