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$SPX - Chart Link- earlier when I said wave 4, was a brain fart, it could be a wave 2, not 4. The bearish view would be wave 3 down
$SPX - Chart Link- also monitor this extended trendline
$SPX - Chart Link- added some annotations to this: If this is a wave 2, it should zig zag in an abc, then up big in wave 3 that will blow out that gap
the bearish view would be in red
Wave 2 on the picture should retest the symmetric triangle near 3865 on SPX. The trendline connecting Dec 21st and Jan 6th highs lands about there.
Thanks Matt. That was a quite decisive symmetry break. If wave 3 up, we should get stronger trend days tomorrow or on CPI day.
If wave 3 up, the falling wedge patterns on QQQs and COMPQ should play out? TD sequential 13s on weekly for both.
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SPX comments
Posted by matt on 9th of Jan 2023 at 05:29 pm
$SPX - Chart Link- earlier when I said wave 4, was a brain fart, it could be a wave 2, not 4. The bearish view would be wave 3 down
$SPX - Chart Link- also monitor this extended trendline
Update: SPX comments
Posted by matt on 9th of Jan 2023 at 05:41 pm
$SPX - Chart Link- added some annotations to this: If this is a wave 2, it should zig zag in an abc, then up big in wave 3 that will blow out that gap
the bearish view would be in red
Wave 2 on the picture
Posted by junkie on 9th of Jan 2023 at 05:48 pm
Wave 2 on the picture should retest the symmetric triangle near 3865 on SPX. The trendline connecting Dec 21st and Jan 6th highs lands about there.
Thanks Matt. That was a
Posted by kevindeng0727 on 9th of Jan 2023 at 05:37 pm
Thanks Matt. That was a quite decisive symmetry break. If wave 3 up, we should get stronger trend days tomorrow or on CPI day.
If wave 3 up, the
Posted by kevindeng0727 on 9th of Jan 2023 at 05:40 pm
If wave 3 up, the falling wedge patterns on QQQs and COMPQ should play out? TD sequential 13s on weekly for both.