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Short term wave pattern update 10-28


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#1 LarryT

LarryT

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Posted 28 October 2017 - 09:32 AM

Last Saturday; "Wave 3 of (3) did not top near 2566 so 2587 is the next closest target with 2613 +/- 3 pts next". After the weeks trading 2544 completed a two day wave iv off 2446 wave 2 low off the 2417 low. That gets us wave "v" of the "3" wave in progress toward a wide window that starts at 2587 to 2591. Odds are wave 3 off the 2417 low can advance as high as 2613 to 2620. Once we have topped the "3" wave we still have two more wave fours before the final wave (5) so this advance off 1810 can continue in a choppy pattern for a lot longer than most think.

 

Link to the SP-1500 model, remains solid bullish. http://www.traders-t...ckcharts-model/

 

LT...d:^)


Edited by LarryT, 28 October 2017 - 09:34 AM.

"If you are going to be dumb you gotta be tough"

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#2 LarryT

LarryT

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Posted 30 October 2017 - 01:05 PM

Last Saturday; "Wave 3 of (3) did not top near 2566 so 2587 is the next closest target with 2613 +/- 3 pts next". After the weeks trading 2544 completed a two day wave iv off 2446 wave 2 low off the 2417 low. That gets us wave "v" of the "3" wave in progress toward a wide window that starts at 2587 to 2591. Odds are wave 3 off the 2417 low can advance as high as 2613 to 2620. Once we have topped the "3" wave we still have two more wave fours before the final wave (5) so this advance off 1810 can continue in a choppy pattern for a lot longer than most think.

 

Link to the SP-1500 model, remains solid bullish. http://www.traders-t...ckcharts-model/

 

LT...d:^)

The lower open today indicates wave iv is still in progress and the advance from 2544 to 2583 is an irregular "B" wave.


"If you are going to be dumb you gotta be tough"

Twitter site

d:^)