$SPX - Chart Link- one way to map would have
this wave 5 being equal to wave 1. Continue to trail up stops
in accordance with your objectives/risk tolerance.
Quick answer it's possible but depends if the current wave 5
subdivides higher over time to eclipse 3000 allowing other indices
to make new highs such as the DOW, NYSE. Trade your plan in
accordance with your objectives. With divergences in place on
the Weekly charts, it's wise to monitor closely and develop an exit
strategy for swings that fits your style.
Some SPX Mapping Weekly View
Posted by steve on 4th of Sep 2018 at 11:50 am
$SPX - Chart Link- one way to map would have this wave 5 being equal to wave 1. Continue to trail up stops in accordance with your objectives/risk tolerance.
Would this view have this
Posted by burkmere on 4th of Sep 2018 at 12:07 pm
Would this view have this as a major top then?
Quick answer it's possible but
Posted by steve on 4th of Sep 2018 at 12:30 pm
Quick answer it's possible but depends if the current wave 5 subdivides higher over time to eclipse 3000 allowing other indices to make new highs such as the DOW, NYSE. Trade your plan in accordance with your objectives. With divergences in place on the Weekly charts, it's wise to monitor closely and develop an exit strategy for swings that fits your style.
Thx.
Posted by burkmere on 4th of Sep 2018 at 12:33 pm
Thx.