Correct...black swan type . Understand even if ED forms and
rally follows that would be wave 4 then PLUNGE in Wave 5. So Monday
we shall see what unfolds. There is a cycle due and failed
cycles lead to plunges (notice 3 weeks down and 1 week up bounces
of late). Let me repeat, best to respect the trend until
evidence changes - remain flexible and monitor level to level.
Needless to say, Bears are in control
Correct...black swan type . Understand
SPX Current Views
Posted by steve on 1st of Oct 2022 at 02:40 pm
Correct...black swan type . Understand even if ED forms and rally follows that would be wave 4 then PLUNGE in Wave 5. So Monday we shall see what unfolds. There is a cycle due and failed cycles lead to plunges (notice 3 weeks down and 1 week up bounces of late). Let me repeat, best to respect the trend until evidence changes - remain flexible and monitor level to level. Needless to say, Bears are in control
Steve, would this morning's action
Posted by greggone on 3rd of Oct 2022 at 10:29 am
Steve, would this morning's action already negate an ED?
Interesting on failed cycles. Didn’t
Posted by bpozdoll1717 on 1st of Oct 2022 at 09:53 pm
Interesting on failed cycles. Didn’t know that. Thanks for sharing as to potential plunge.