The structure looks like a complete 5 Elliott wave pattern [1] / [a], so today is likely the beginning of a deep or sideways correction [2] / [b].
Have a great trading day...with care!
Thursday, October 18, 2012
SPX - Confirmed uptrend with incoming correction
The market trend confirms the bullish scenarios presented yesterday.
The structure looks like a complete 5 Elliott wave pattern [1] / [a], so today is likely the beginning of a deep or sideways correction [2] / [b].
Have a great trading day...with care!
The structure looks like a complete 5 Elliott wave pattern [1] / [a], so today is likely the beginning of a deep or sideways correction [2] / [b].
Have a great trading day...with care!
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