A trend doesn't end with 3 waves (unless a diagonal)...I was
thinking maybe another push up to complete a diagonal but that did
not unfold. More chop - brutal action.
Maybe part of a larger flat off 4385.85 unfolding -
honestly this will take time to flush out (need more price
clarity). Trading light level to level until that time.
The bearish view remains that large LD from the weekend should
on SPX , QQQ and AAPL
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Steve would you mind explaining
SPX 15
Posted by DK on 18th of Oct 2023 at 11:26 am
Steve would you mind explaining briefly what you mean by a potential trap for wave 4?
A trend doesn't end with
Posted by steve on 18th of Oct 2023 at 11:39 am
A trend doesn't end with 3 waves (unless a diagonal)...I was thinking maybe another push up to complete a diagonal but that did not unfold. More chop - brutal action.
Maybe part of a larger flat off 4385.85 unfolding - honestly this will take time to flush out (need more price clarity). Trading light level to level until that time.
The bearish view remains that large LD from the weekend should on SPX , QQQ and AAPL