Was that 5 of 1 of 3 on SPX , 5 of 3 ? Looks topped out, wave 2 or 4 next.
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.
Link to chart: https://postimg.cc/image/ec0fx3cvb/
Link to chart: https://postimg.cc/image/5487ga37b/
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.
Posted 13 June 2018 - 06:19 AM
Here's an alternate count I'm watching...
FOMC could trigger another thrust upward.. twt.
Edited by tsharp, 13 June 2018 - 06:20 AM.