The 60min My-Wave is looking weak after the last spikes up and is starting to look like it want to roll over. Given the daily from the last post appears to be 'almost' there' in turning up, this could be just a retest of the Daily Pivot but with that daily wave formation, best not to take the risk me thinks.
What is interesting however, is the 'tick list' the market went through according to my lines in the sky: cut D1, stayed above D1/4 (orange), made it above the green dashed line (fibfan of the initial move down from 1.3126) and is now sat right under the blue My-Grid line again. So nothing broke at all and all exactly as I was looking for, except for that ugly looking daily My-Wave. Lets see how the reaction from here looks - will it crawl too in a 'b' of 'b' or get zippy.
The 60min SMI's look ready for a reset downhill here with that backtest of T5,T6 & T7 from the underside.
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