I like the count on the 60 min chart.
Lets see if the final waves wrap up for the fifth wave early next week possibly challenging 2100. From there, we'll see what type of pullback we get.
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Stock Market Analysis With The Elliott Wave Principle -Dow Jones, S&P 500, Russell 2000, Nasdaq and FX. All charts and commentary on this site are strictly the opinions of the author(s) and are for recreational purposes only. In no way should this be construed as trading advice or a recommendation for investing. See disclaimer at the bottom of the page.
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Friday, October 23, 2015
10/23/15 - EOD Update
Looks like the bulls were able to close it over the 200 day SMA. The 20 day SMA has crossed up thru the 50 day SMA as well.
I like the count on the 60 min chart.
Lets see if the final waves wrap up for the fifth wave early next week possibly challenging 2100. From there, we'll see what type of pullback we get.
SPX is lingering just under the trend line.
I like the count on the 60 min chart.
Lets see if the final waves wrap up for the fifth wave early next week possibly challenging 2100. From there, we'll see what type of pullback we get.