Bean Nov from 930AM

Spike Hi at 950.5  - outside bar - low range clo is poss -

If Bean clo red - more importantly belo 940 today -
it looks like completed reaction from 921 low and next a retest of that low.
I can see 5 waves down from 1047 t0 921 -  which could be a complete set,
but we may still need to check belo 921 for stops - maybe a double bottom at 917.5

MACD has turned up.
Stoch will likely turn back down today if Px closes lower - so it could diverge (higher low) w/Px on the next Px lo -
which would be a good signal if that should happen.
 Of course if Mkt proves this wrong and closes abo today's 950.5 Hi - or even a higher clo on the day -
we could then see resist at 100ma or orange down TL (near 960) - then a retest of lows.

This Mkt may be in process of bottoming, but it appears to need more work to become a Bull.

Would like to see a day when Mkt go after stops belo a prev low - the reverse sharply higher to mark a "low"
just offering an opinion fwiw

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(082817 Bean Nov daily 930AM.png)

082817 Bean Nov daily 930AM.png (146KB - 23 downloads)