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SPX, Dow and NDX on the same page...


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#1 tsharp

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Posted 11 October 2018 - 08:38 AM

I posted the SPX last night, but here are all three at once... I prefer the higher targets in all three.

 

 

SPX_D_10.10.18.jpg

 

 

 

DOW_D_10.10.18.jpg

 

 

NDX_D_10.10.18.jpg



#2 tsharp

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Posted 11 October 2018 - 11:43 AM

Why I'm leaning towards the higher SPX target...

 

When the SPX hit my ~2850ish target in wave-iii, I was surprised to see it drop so hard and deep, as I had a higher wave-iv target of ~2696 from my 4.9.16 forecast... perhaps this drop will bring that forecast more into line... watching.

 

 

SPX_W_EW_4.9.16_-_Alt.jpg



#3 tsharp

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Posted 13 October 2018 - 06:55 AM

I was scratching my head, because there seemed to be a fractal disconnect between the techs and the broader market... this is not to suggest the techs will continue out-performing the broader market, but that the tech sector is only dropping in a wave-iv with the broader market, as above in the daily charts.

 

I'm also adding an update to the SPX daily, as there could be a "middle" wave-v:c:iv target, based on another channel symmetry... twt.

 

 

SPX-D-10-12-18.jpg

 

 

 

SPX-W-10-12-18.jpg

 

 

DOW-W-10-12-18.jpg

 

 

 

NDX-W-10-12-18.jpg