Daily Note

The Best Tell On A Potential Decline Is Studying The First Bounce

Jun 21, 2021

Thomas Thornton

  • It's a quiet Monday in Summer with a decent bounce happening after a down week with some ugly internals
  • Sentiment remains elevated and this could be another lower high bounce in progress
  • I want to study the internals today and tomorrow on this bounce to determine risk-reward from here
  • It's a good day to watch a GREAT interview with Steve Cohen
  • And I posted for your reference DeMark Sequential and Combo primers as well the personalities within each Elliott Wave