Thursday, April 16, 2020

4/16/2020 - EOD Update

The bulls and bears battled today to form what should be the end of wave (iv) or ii of (iii).

S&P mini futures up over 70 points as of this writing so we can easily assume wave (v) or iii of (iii) to come.

Not sure how wave c plays out at the moment based on the squiggle count. Not going to worry about that at the moment since all options were looking for a move higher.

This third leg higher is equal to the first leg at 2894.

SPX - 60 Min
The daily below

SPX - Daily