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SPX thoughts


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#341 CLK

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Posted 12 June 2018 - 03:28 AM

Was that 5 of 1 of 3 on SPX , 5 of 3 ?  Looks topped out, wave 2 or 4 next.



#342 tsharp

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Posted 12 June 2018 - 11:08 AM

The SPX is in wave-iii:v... I see wave-iii terminating at the ~3000 level, then a wave-iv, then wave-v to take it to the ~3600 level.

 

I pointed out the bullish flag last evening that should lead up to the 2825 level... I'm not sure wave-ii is complete yet and may be a running wave-ii, which will push the red ii upwards... time will tell.

 

 

SP00_60_6.12.18.jpg

 

Link to chart:  https://postimg.cc/image/ec0fx3cvb/

 

 

SP00_240_6.12.18.jpg

 

Link to chart:  https://postimg.cc/image/5487ga37b/



#343 CLK

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Posted 12 June 2018 - 04:27 PM

Yes, I was talking about the red 1 wave, I saw the 5 of 1 wave with divergence, I thought 2 would have given more back. Probably is a running correction. I thought about shorting the open but the internals opened ok. 



#344 tsharp

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Posted 13 June 2018 - 06:19 AM

Here's an alternate count I'm watching...

 

FOMC could trigger another thrust upward.. twt.

 

SP00_240_6.12.18-2.jpg


Edited by tsharp, 13 June 2018 - 06:20 AM.