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$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.
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Update: SPX comments
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.