SPX looks like a 3rd wave down so bounce up in wave 4 then down
again - or a larger bounce wave x then down in wave y (but lower
high and down again is what I favor)
QQQ would need to rally direct form here to upside trendline
(would be wave d in the triangle scenario)
SPX looks like a 3rd
QQQ - the triangle scenario not yet negated but would ...
Posted by steve on 22nd of Sep 2023 at 10:49 am
SPX looks like a 3rd wave down so bounce up in wave 4 then down again - or a larger bounce wave x then down in wave y (but lower high and down again is what I favor)
QQQ would need to rally direct form here to upside trendline (would be wave d in the triangle scenario)
Best to trade what's in front of you
Thank you.
Posted by johnny2012 on 22nd of Sep 2023 at 10:50 am
Thank you.