Have not been on much, but I think we could see a pullback to 2070 area, a 61.8% retrace of the recent rally off the June low. Just another opportunity to get Long!
SPX short term
#1
Posted 17 August 2016 - 09:52 AM
#2
Posted 17 August 2016 - 10:05 AM
I just posted an update on the SwingWaves board, and while your suggestion is possible, this is how I see things at the moment...
Link to SPX 60-min chart: https://postimg.org/image/sukxrwz15/
#3
Posted 17 August 2016 - 11:11 AM
My ESU16 chart just printed a TDSEQ buy signal 13 in an area of a number of fib sacred ratios (.5), 1.128, & 1.618 from recent inflection points. We could dip a little lower before a turn, but this is a probable area for completion of a minute wave 4
Edited by Geomean, 17 August 2016 - 11:15 AM.
#4
Posted 17 August 2016 - 11:26 AM
That's the hourly chart of ESU16 with the TDSEQ buy signal.