Yesterday I posted a 60 minute chart with a quick forecast and
currently still favor this pullback being a wave 4 (which are
difficult to project as they can take many forms).
Under this view, they run the highs and get retail to chase then
trap and fade
SPX Mapping
Posted by steve on 1st of Dec 2022 at 12:27 pm
$SPX - Chart Link
$SPX - Chart Link
Yesterday I posted a 60 minute chart with a quick forecast and currently still favor this pullback being a wave 4 (which are difficult to project as they can take many forms).
Under this view, they run the highs and get retail to chase then trap and fade
Steve do you envision that
Posted by DK on 1st of Dec 2022 at 12:39 pm
Steve do you envision that the 4050 low this morning on SPX is pretty much it on the downside if this is the wave 4?
DK - as I stated
Posted by steve on 1st of Dec 2022 at 12:52 pm
DK - as I stated hard to gauge for Wave 4's but that could be low as part of triangle. Your guess is good as mine the form it takes.