yes, and as I've been saying the rally off the Monday lows could
just be a 4th wave with the SPX needing a 5th wave. The 5th wave
could be a slight new low, or extend, you don't know at this point
Price could just make a minor new low, then be set up finally for a
larger ABC rally. remains to be seen
and as we've seen here, Monday's lows could still hold - we are
seeing big ranges every day
but, the onus is clearly on the bulls
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SPX Daily
Posted by steve on 27th of Jan 2022 at 01:18 pm
$SPX - Chart Link - thus far every bounce has been rejected at 200 day MA
From the looks of it
Posted by Trendie on 27th of Jan 2022 at 02:19 pm
From the looks of it that is one UGLY bear flag forming.
yes, and as I've been
Posted by matt on 27th of Jan 2022 at 02:28 pm
yes, and as I've been saying the rally off the Monday lows could just be a 4th wave with the SPX needing a 5th wave. The 5th wave could be a slight new low, or extend, you don't know at this point Price could just make a minor new low, then be set up finally for a larger ABC rally. remains to be seen
and as we've seen here, Monday's lows could still hold - we are seeing big ranges every day
but, the onus is clearly on the bulls