Suggests either a decent pullback or something bigger in store
http://stockcharts.c...m=1&a=300533171
Edited by chem, 22 February 2017 - 02:23 PM.
EW red or blue
Started by
chem
, Feb 22 2017 02:20 PM
4 replies to this topic
#2
fib_1618
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Posted 22 February 2017 - 02:49 PM
Unless it's extending. 
Fib
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#3
da_cheif
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Posted 22 February 2017 - 04:53 PM
unless its entering a 3rd wave.....which it is
#4
bln
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Posted 23 February 2017 - 04:47 AM
It's 1-2 1-2 extended wave sequence in 2016. The start is 1800 and the mid point is 2250, that gives me a rough target at 2700 for the SPX. In that area I would start looking for market to build a top. But it can of course continue even higher as individual sub waves may extend.
#5
chem
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Posted 23 February 2017 - 12:05 PM
The problem being, the third wave whether starting in '10 or '11 is an extension with a series of 1,2's and only one wave of a five wave sequence may be extended by rule.
