is your favored scenario still favor a straight back move up to
the highs? realize longer term this is the largest pullback by far
in the whole uptrend, symmetry break, odds favor a good rally
coming but forming a lower high. essentially that's one big
wave down, needs at minimum a zig zag i.e an up then a down before
going back to the highs i.e. move up then down to
complete
That was not my favoured scenario Matt, I said it was an
outlier... I like to look at what would catch most folk out esp if
there is a psychological round number still waiting to be
tagged.
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$SPX - Tagged the Grey/MA
Posted by saturn6 on 20th of Dec 2018 at 02:37 pm
$SPX - Tagged the Grey/MA which eerily aligns with the lwr-dotted-line...
is your favored scenario still
Posted by matt on 20th of Dec 2018 at 02:44 pm
is your favored scenario still favor a straight back move up to the highs? realize longer term this is the largest pullback by far in the whole uptrend, symmetry break, odds favor a good rally coming but forming a lower high. essentially that's one big wave down, needs at minimum a zig zag i.e an up then a down before going back to the highs i.e. move up then down to complete
anyway whatever, next year gonna be interesting
That was not my favoured
Posted by saturn6 on 20th of Dec 2018 at 02:52 pm
That was not my favoured scenario Matt, I said it was an outlier... I like to look at what would catch most folk out esp if there is a psychological round number still waiting to be tagged.