|SPX - 30 Min Primary|
I currently have wave 2 grey for 5 blue in play. It's very possible it ended right on the lower TL. If not, the bulls need to defend 1248.64 and more importantly 1242.82 or else the rally off 12/19 is over.
If 1242.82 breaks, we must focus on Primary B, which at the moment is holding its own against the primary.
|SPX - 15 Min Primary B|
Once again, the current MACD configuration supports this count, however, until price invalidates the primary, we'll focus on that and keep an eye on this one.
|SPX - Triangle Alternate|
I do believe this is the best version at the moment. This count is looking for wave [e] down to complete wave 2/B/X. This would be consistent with the direction of primary B as well.
But of course until the yellow contracting trendlines are broken, we won't know for sure.
That's it for me today. I want to thank all my readers for visiting over the past year.
I hope it has been a good year for you all as it has been for me and I don't just mean in the financial markets. Because lets face it, there is more to life then just making $$.
I wish you all a Happy, healthy and prosperous New Year to come!