$SPX - Chart Link - here's the daily and I
posted this earlier: As Steve said we are at an inflection point
now. The bearish view is still intact and if so this bounce
will soon end and go down. The bullish view is that the last
high was a wave 3 instead of a 5 and we had a simple abc pullback
and will go up again to complete 5. Also from an education
standpoint you can see how the daily abc and MA pinch looks like
those 5 min abc charts I point out intra day
$SPX - Chart Link - here's the 2hr view,
shows the same thing basically.
anyway probably an important day or early next week. Tomorrow is
OPEX
Market comments
Posted by matt on 14th of May 2020 at 04:19 pm
$SPX - Chart Link - here's the daily and I posted this earlier: As Steve said we are at an inflection point now. The bearish view is still intact and if so this bounce will soon end and go down. The bullish view is that the last high was a wave 3 instead of a 5 and we had a simple abc pullback and will go up again to complete 5. Also from an education standpoint you can see how the daily abc and MA pinch looks like those 5 min abc charts I point out intra day
$SPX - Chart Link - here's the 2hr view, shows the same thing basically.
anyway probably an important day or early next week. Tomorrow is OPEX
QQQ - Chart Link - here's the 60 min QQQ with symmetry as well
i believe, CB or fib
Posted by imelhoe on 14th of May 2020 at 04:25 pm
i believe, CB or fib queen had timing high for 5/14 as well