$SPX - Chart Link - remember guys you
still have to keep in mind that it's still possible for this
pullback to be a deep wave B of an ABC pattern. That ending
diagonal Steve drew with 5 waves leaves that move up as a possible
wave A up (wave A's have 5 waves, and for this to be a higher low
(deep) wave B, then a C up.
daily charts have bear flag wave 4's, Biden wants war to deflect
from his domestic polls and of course it's Friday.
Again have a plan and know the options just in case the short
term bear flag case doesn't happen now
SPX comments
Posted by matt on 28th of Jan 2022 at 11:10 am
$SPX - Chart Link - remember guys you still have to keep in mind that it's still possible for this pullback to be a deep wave B of an ABC pattern. That ending diagonal Steve drew with 5 waves leaves that move up as a possible wave A up (wave A's have 5 waves, and for this to be a higher low (deep) wave B, then a C up.
daily charts have bear flag wave 4's, Biden wants war to deflect from his domestic polls and of course it's Friday.
Again have a plan and know the options just in case the short term bear flag case doesn't happen now
Update: SPX comments
Posted by matt on 28th of Jan 2022 at 02:19 pm
$SPX - Chart Link- updated view
remember guys if you have Stockcharts.com you can keep our chart on auto refresh and you will see the annotations we add
This baby is one fickle
Posted by mdgfain on 28th of Jan 2022 at 02:46 pm
This baby is one fickle lover! Love me and leave me!
cycles intra day - you
Posted by matt on 28th of Jan 2022 at 02:22 pm
cycles intra day - you can see on the 1 min SPX when it fell through hat support cycle was more indicative of a trend wave
nice bounce from that VWAP
Posted by matt on 28th of Jan 2022 at 02:59 pm
nice bounce from that VWAP on SPX and from the cycle supports
zooming out - nothing changed
Posted by matt on 28th of Jan 2022 at 03:00 pm
zooming out - nothing changed with the longer time frames - price has been above that 60 min ATR
and we have that demark 9 on the daily from yesterday