$SPX - Chart Link SPX shows a potential 5
wave structure down which is a bearish sequence. Thus, if
this manages to bounce will be looking for a lower high wave 2/B to
be followed by another move lower. Project, monitor,
adjust
Posted by kevindeng0727 on 14th of Jul 2023 at 07:59 pm
Hi Steve, the first wave and thrid wave overlap in this case. So
I guess it is a leading diagonal or 1-2, 1-2 (probably not so
likely in this backdrop). Thx.
SPX 10
Posted by steve on 14th of Jul 2023 at 05:23 pm
$SPX - Chart Link SPX shows a potential 5 wave structure down which is a bearish sequence. Thus, if this manages to bounce will be looking for a lower high wave 2/B to be followed by another move lower. Project, monitor, adjust
Hi Steve, the first wave
Posted by kevindeng0727 on 14th of Jul 2023 at 07:59 pm
Hi Steve, the first wave and thrid wave overlap in this case. So I guess it is a leading diagonal or 1-2, 1-2 (probably not so likely in this backdrop). Thx.
Correct an LD is what
Posted by steve on 15th of Jul 2023 at 07:45 am
Correct an LD is what I see
Steve what is an LD
Posted by rbreese on 15th of Jul 2023 at 07:48 am
Steve what is an LD ? I am following your prior post on 5 waves down.
Leading Diagonal which can be
Posted by steve on 15th of Jul 2023 at 07:50 am
Leading Diagonal which can be Wave 1 of an impulse or wave A of a zig zag. An immediate gap down would imply a nested 1-2 down.
Conclusion is I favor at least one more wave down either direct or following a bounce if a leading diagonal. Way too early to suggest anything more.
Kind of thought so. Thanks
Posted by rbreese on 15th of Jul 2023 at 07:51 am
Kind of thought so. Thanks . You are up early young man.
forgot to add a question
Posted by kevindeng0727 on 14th of Jul 2023 at 08:27 pm
forgot to add a question mark. That was a question.