Hi Steve, the first wave

    SPX 10

    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.

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