STEVE, are 3 Pinocchio’s over the line and bearishly
formed MA’s opening up to the downside enough eveidencecto strongly
suggest a bearish bias, or just a fake out? Thanks.
Also, I am counting 4 waves and a 5th to come. Is that your
count? Any help appreciated.
I think that could go either way - could also be a 4th wave
needing one more 5 wave up. as drawn your larger wedge only
has 4 waves, though the smaller one had 5
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SPX 5 min
Posted by matt on 12th of May 2020 at 12:09 pm
$SPX - Chart Link
Update: SPX 5 min
Posted by matt on 12th of May 2020 at 02:39 pm
$SPX - Chart Link - updated view
STEVE, are 3 Pinocchio’s over
Posted by mdgfain on 12th of May 2020 at 02:48 pm
STEVE, are 3 Pinocchio’s over the line and bearishly formed MA’s opening up to the downside enough eveidencecto strongly suggest a bearish bias, or just a fake out? Thanks. Also, I am counting 4 waves and a 5th to come. Is that your count? Any help appreciated.
I think that could go
Posted by matt on 12th of May 2020 at 02:51 pm
I think that could go either way - could also be a 4th wave needing one more 5 wave up. as drawn your larger wedge only has 4 waves, though the smaller one had 5