Yes but the question is from what level do we see a rally - one
cannot say Wave 3 has bottomed as yet (need more evidence).
These gap ups certainly have not worked (all have been faded)
prefer a washout and reversal. Expecting a volatile day
tomorrow with all those Fed speakers I posted earlier
Posted by mirhamedali on 27th of Sep 2022 at 06:16 pm
I agree. Looks like we need another micro level 4-5.
NDX
did not make a lower low while SPX did today. NDX has been relative
strength during this drop from mid September.
I think things will get really nasty once NDX starts leading. B
ut it
can't lead until AAPL and TSLA finally crack. They have a long way
to drop to their June lows.
I was actually asking about the larger wave 4 recovery after
this small 4-5 is done.
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Matt / Steve what do
Posted by mirhamedali on 27th of Sep 2022 at 04:43 pm
Matt / Steve what do you guys think about a wave four here that looks similar to the late Septmeber 4 day move up?
There was a Denmark 9 right before that move similar to what we have now.
I am wondering if we get a symmetrical wave 4 to that wave 2.
Yes but the question is
Posted by steve on 27th of Sep 2022 at 05:23 pm
Yes but the question is from what level do we see a rally - one cannot say Wave 3 has bottomed as yet (need more evidence). These gap ups certainly have not worked (all have been faded) prefer a washout and reversal. Expecting a volatile day tomorrow with all those Fed speakers I posted earlier
I agree. Looks like we
Posted by mirhamedali on 27th of Sep 2022 at 06:16 pm
I agree. Looks like we need another micro level 4-5.
NDX did not make a lower low while SPX did today. NDX has been relative strength during this drop from mid September.
I think things will get really nasty once NDX starts leading. B ut it can't lead until AAPL and TSLA finally crack. They have a long way to drop to their June lows.
I was actually asking about the larger wave 4 recovery after this small 4-5 is done.