$SPX - Chart Link- we favored at least a wave 4
pullback over a week ago, playing out. wave 2 was 130 points, so
for we are down 90 points of the highs
Posted by DigiNomad on 25th of Apr 2023 at 02:13 pm
Matt/Steve, does pushing up to test the underside of the broken
channel in a wave 5 of C seem like a reasonable scenario? I
realize it's all probabilities - just wondering if this scenario
would even be on your board at this point.
DigiNomad, the top might be already in place. A reaction to the
upside might set up a lower high. I do not consider the inverse
H&S scenario mentioned today seriously based on dwindling
volume. Like in February, the end of wave 3 could be the end of the
rally.
Market update
Posted by matt on 25th of Apr 2023 at 01:21 pm
$SPX - Chart Link- we favored at least a wave 4 pullback over a week ago, playing out. wave 2 was 130 points, so for we are down 90 points of the highs
$SPX - Chart Link-
Matt/Steve, does pushing up to
Posted by DigiNomad on 25th of Apr 2023 at 02:13 pm
Matt/Steve, does pushing up to test the underside of the broken channel in a wave 5 of C seem like a reasonable scenario? I realize it's all probabilities - just wondering if this scenario would even be on your board at this point.
DigiNomad, the top might be
Posted by junkie on 25th of Apr 2023 at 02:20 pm
DigiNomad, the top might be already in place. A reaction to the upside might set up a lower high. I do not consider the inverse H&S scenario mentioned today seriously based on dwindling volume. Like in February, the end of wave 3 could be the end of the rally.
Demark 13 on the 15
Posted by DigiNomad on 25th of Apr 2023 at 02:15 pm
Demark 13 on the 15 and an A on the 2 hour -- haven't seen those in a while, at least not on the downside.