SPX - 60 MIN BEAR
SPX - 60 MIN BULL
Notice anything different? Yes. I have posted my bear count first. The bears continue to control the market.
Though both counts are still in play, the bears still have the ball and the bull count above as it is labeled is running out of time since minuette (ii) has now retraced a substantial amount of minuette (i).
For the bears, a target for subminuette b should be somewhere near where I have minuette (i) labeled.
For the bulls, the count, as it is labeled above, will be ruled out if the market takes out the 1040.78 low since that will result in (ii) ending beyond the start of (i).
SPX - 60 MIN OPTIONAL BULL
Here is one optional bull count I presented a while back. This one is fairly legit and coincidentally works with the larger leading diagonal count that is being bounced around out there.
Gotta stay nimble! GL!
KFP - great charts ty. Even with your bearish count you are expecting a low soon and then a bounce for iic towards 1120 - is that correct?
ReplyDeleteNice work Grand..
ReplyDeleteI don't remember seeing you in the Cil today?? If your job is taking you away from your quality time in the Cil we need to do something about that...We need you there... : }
Keep up the good work....(on the charts..Not your Job)
EZ
c=1.618a for the expanded flat. Looks like it played out perfectly!
ReplyDeleteAnon. Thx for the comment. that is correct for ur assumption for both. as Geno states below, c=1.618a for the expanded flat so possibly it may be done for now and we see a bounce. it's gonna be close. keep an eye on that leading diagonal too.
ReplyDeletehey EZ. thx man! ya. work has slammed me so i dont have as much time anymore. thx for stopping by!
ReplyDeleteRight on Geno! GL!
ReplyDelete