Wednesday, May 20, 2020

5/20/2020 - EOD Update

Looks like five waves up for wave 1 off my wave (2). If that is the case, then I would expect wave 2 to retrace 1 somewhere near the 50% retracement level, which would also fill that gap below on 5/18. I don't show it below but the 38% retrace lines up with the 20 day SMA as well.

SPX - 60 Min