Friday, August 18, 2017

8/18/17 - EOD Update

Looks like the wave structure off the 8/10 wasn't quite impulsive after all.

However, zooming out to the daily view, the wave structure still remains intact and within the rising channel. The line in the sand is 2405.70, which would invalidate the primary count on this daily chart.

Please note the alternate count in blue (the "or iii" and "or iv" waves).

SPX - Daily 

Wednesday, August 16, 2017

8/16/17 - EOD Update

Looks like five completed waves off the 8/10 low. Looking for the corrective a-b-c wave to complete.

SPX - 60 Min