SPX 2600 +-5 target was done today, and VST expect a reversal down to start the corrective wave ( b ) ................
Edited by redfoliage2, 09 January 2019 - 04:01 PM.
Posted 09 January 2019 - 03:55 PM
SPX 2600 +-5 target was done today, and VST expect a reversal down to start the corrective wave ( b ) ................
Edited by redfoliage2, 09 January 2019 - 04:01 PM.
Posted 09 January 2019 - 04:33 PM
Nice one Red
Love, be kind to one another, seek the truth, walk the narrow path between the ying and the yang.
Posted 09 January 2019 - 05:14 PM
Nice one Red
Thanks, Z.
So far this recent rally looks to me just a typical bear market rally in corrective waves. If so we should see wave( b ) down to start soon.........
Edited by redfoliage2, 09 January 2019 - 05:14 PM.
Posted 09 January 2019 - 10:32 PM
If the wave ( b ) to start tomorrow here are the possible Fibonacci retracements:
for a 38.2% retracement it's going to be down to SPX 2501; 50% retracement to 2472;
61.8% retracement to 2444; or 100% retracement/re-test of the low at SPX 2350.
Edited by redfoliage2, 09 January 2019 - 10:35 PM.
Posted 10 January 2019 - 04:14 PM
SPX unable to get over the overhead resistance at 2600 with very overbought internals. It's waiting for a trigger to start the wave( b ) down.........
Posted 11 January 2019 - 11:58 AM
Even without a geopolitical trigger the wave ( b ) is getting started today though the momentum is not great as it's still in its initial stage ...........
Posted 13 January 2019 - 09:09 PM
expect the wave( b ) down to accelerate starting Monday.................