SPX 500 - 5 waves complete, likely bounce today
Not sure if the bounce will be all day or half. Expecting a pullback at open and then rally to 3850, maybe even to 3880, then lower.
ความคิดเห็น:
retracement may already be done, watch for break of low
ความคิดเห็น:
OK the retracement looks done (right now at least). Targets for next move down is shown. I doubt they get there today, but you never know.
ความคิดเห็น:
SPX cash may make another run at the pitchfork fib line, it doesn't have to, but it may.
ความคิดเห็น:
got there, should reject in this area.
ความคิดเห็น:
that pitchfork Fib has been very important, They can't get over it, so I'm still bearish for CPI tomorrow. It may be wrong, but I'm going to trust the analysis.
