$SPX - Chart Link - this chart depicts a
potential 4th wave triangle with 4507 being the key pivot. A
gap or move below ushers in more immediate downside.
Gap down out of pattern and ES back to its 200 day MA. As
stated last night, my work showed many more valid short
setups than long setups coming into today.
Thanks for your work on the charts, Steve. I was just saying at
the close to a friend that a gap down would have us looking at the
200 day ma around 4,489 or maybe even the 4,456 gap. Get everyone
doubting again in a down wave, then find a support to buy as it is
likely headed back up after that.
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SPX 15 View
Posted by steve on 5th of Apr 2022 at 05:18 pm
$SPX - Chart Link - this chart depicts a potential 4th wave triangle with 4507 being the key pivot. A gap or move below ushers in more immediate downside.
Gap down out of pattern
Posted by steve on 6th of Apr 2022 at 08:19 am
Gap down out of pattern and ES back to its 200 day MA. As stated last night, my work showed many more valid short setups than long setups coming into today.
Thanks for your work on
Posted by fundamentalvalues on 5th of Apr 2022 at 07:04 pm
Thanks for your work on the charts, Steve. I was just saying at the close to a friend that a gap down would have us looking at the 200 day ma around 4,489 or maybe even the 4,456 gap. Get everyone doubting again in a down wave, then find a support to buy as it is likely headed back up after that.