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So that could be the end of the fifth wave. What type of pullback are we looking at if it was the end of the wave.
Ed..there are a few options so we'll have to see the nature and extent of the pullback. The SPX hit pivot and was quite overbought and extended so a pullback was logical.
Hit the upper end of a trendline also for what it's worth.
SPX 2hour Chart
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So that could be the
SPX Tagged 2019 Pivot where it paused.
Posted by renko777 on 19th of Sep 2014 at 10:33 am
So that could be the end of the fifth wave. What type of pullback are we looking at if it was the end of the wave.
Ed..there are a few options
Posted by steve on 19th of Sep 2014 at 10:36 am
Ed..there are a few options so we'll have to see the nature and extent of the pullback. The SPX hit pivot and was quite overbought and extended so a pullback was logical.
Hit the upper end of
Posted by renko777 on 19th of Sep 2014 at 10:42 am
Hit the upper end of a trendline also for what it's worth.
SPX 2hour Chart