Member
Posted 28 July 2017 - 06:46 AM
The pattern off the SP-500 2407 low July 6th had a 2.618 extension target at 2476 highest close 2477.83 within the usual +/- 3 points. Odds are 2477 was a third wave high close so that puts the .38 to .50 retrace as critical support that must hold to continue toward 2520 and higher. Support is at 2454 to 2445 so let the fun begin.
LT....d:^)
Member
Posted 29 July 2017 - 09:04 AM
Member
Posted 29 July 2017 - 11:50 AM
The test for the markets will be where does the fifth wave off the 1810 low top out? The MINIMUM pattern is in place at the 2477 close high. IF that was the fifth top then the first support to quickly fail is the low at 2409 then the 2400.98 high has to fail making this zone the key level to fail. Odds are not very high 2477 was it, odds are a blow off fifth wave extension is in play off the 2328.95 low on April 13th so we wait and see which one plays out.
LT....d:^)
