3309 Drysdale Ct
Edwardsville, IL 62025
$SPX - Chart Link - I added 2 sets of Fibs, one from the 3977 higher low (price is at 50% retracement of that move), and one at the start of wave 1 (38% is 3934, 50% is 3909, and 61.8% is 3977
Matt, is this move part of the ABC correction or do you think it's the start of something bigger?
for now I favor an abc like pullback to form a higher low, then another rally - we'll adapt as evidence changes.
this is basically 1 wave down, so wave a, should be wave b and c to go, or could form a more complex triangle
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SPX 30 min with fibs
Posted by matt on 18th of Jan 2023 at 12:50 pm
$SPX - Chart Link - I added 2 sets of Fibs, one from the 3977 higher low (price is at 50% retracement of that move), and one at the start of wave 1 (38% is 3934, 50% is 3909, and 61.8% is 3977
Matt, is this move part
Posted by racerick on 18th of Jan 2023 at 01:00 pm
Matt, is this move part of the ABC correction or do you think it's the start of something bigger?
for now I favor an
Posted by matt on 18th of Jan 2023 at 01:10 pm
for now I favor an abc like pullback to form a higher low, then another rally - we'll adapt as evidence changes.
this is basically 1 wave down, so wave a, should be wave b and c to go, or could form a more complex triangle