SPX corrective wave - I've been following the SPX big picture
chart from the weekend newsletters. Did the recent 5-wave
decline (v on my chart) complete the 5 of A and we are now in major
wave B? Or is major wave A still unfolding. I recall
discussion that a major B would be a good long opportunity (bear
rally). Kudos to Steve for calling the "chop" this
week! Thanks.
Jared - first of all that is one way to map and since the SPX
broke out of the channel we view as completed. Level to level
trading - as you can see the large gyrations over the past
few days as seen in the charts this week.
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SPX corrective wave - I've
Posted by jared95 on 19th of Oct 2022 at 09:35 pm
SPX corrective wave - I've been following the SPX big picture chart from the weekend newsletters. Did the recent 5-wave decline (v on my chart) complete the 5 of A and we are now in major wave B? Or is major wave A still unfolding. I recall discussion that a major B would be a good long opportunity (bear rally). Kudos to Steve for calling the "chop" this week! Thanks.
Jared - first of all
Posted by steve on 20th of Oct 2022 at 06:41 am
Jared - first of all that is one way to map and since the SPX broke out of the channel we view as completed. Level to level trading - as you can see the large gyrations over the past few days as seen in the charts this week.