No changes on SPX as it's still within the larger pattern.
The bearish view is it's in the process of completing wave
'e' for the next thrust down...SPX needs to take out 2149 to negate
that view. See my 30 minute chart below. The bullish
view would be a nested 1-2 in place and now it must move sharply
higher (again must break 2150)
Market internals still on bearish side with more decliners than
advancers so really not that bullish today.
No changes on SPX as
Quite the bullish day (so far).
Posted by steve on 21st of Oct 2016 at 03:07 pm
No changes on SPX as it's still within the larger pattern. The bearish view is it's in the process of completing wave 'e' for the next thrust down...SPX needs to take out 2149 to negate that view. See my 30 minute chart below. The bullish view would be a nested 1-2 in place and now it must move sharply higher (again must break 2150)
Market internals still on bearish side with more decliners than advancers so really not that bullish today.
Right - got it.
Posted by frtaylor on 21st of Oct 2016 at 03:21 pm
Right - got it.