cape_rover- Steve is basing that on if the SPX completed has
completed a 5 wave uptrend from the 2016 lows, that trend would be
over and you would expect at least some sort of decent retracement
of that trend, in an ABC or other corrective pattern. Please
realize that's one scenario and is not set in stone, there are
others
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cape_rover- Steve is basing that
Steve, Tonight's newsletter - Around the 10 min mark you ...
Posted by matt on 17th of Oct 2018 at 12:06 am
cape_rover- Steve is basing that on if the SPX completed has completed a 5 wave uptrend from the 2016 lows, that trend would be over and you would expect at least some sort of decent retracement of that trend, in an ABC or other corrective pattern. Please realize that's one scenario and is not set in stone, there are others