According to my preferred scenario, SPX is in [b] wave of z wave, and there is at least one other downward movement, even if it is likely a bounce.
Have a great trading day...with care!
Friday, October 26, 2012
SPX - Downtrend with bounces
The index is in a congestion phase (the pattern is not yet decipherable, maybe an irregular, a triangle or a complex) but does not seem to have reached its bearish target.
According to my preferred scenario, SPX is in [b] wave of z wave, and there is at least one other downward movement, even if it is likely a bounce.
Have a great trading day...with care!
According to my preferred scenario, SPX is in [b] wave of z wave, and there is at least one other downward movement, even if it is likely a bounce.
Have a great trading day...with care!
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