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| SPX - Daily |
Thursday, August 31, 2017
8/31/17 - EOD Update
So far looks like wave (iii) of 5 is underway. Confirmation begins when or if it breaches the 2490.87 level, the wave (i) high. Should the market pause here, I see a potential triangle in the works that may suggest the alternate count is in play. This alternate is the wave "or iv".
Monday, August 21, 2017
Friday, August 18, 2017
8/18/17 - EOD Update
Looks like the wave structure off the 8/10 wasn't quite impulsive after all.
However, zooming out to the daily view, the wave structure still remains intact and within the rising channel. The line in the sand is 2405.70, which would invalidate the primary count on this daily chart.
Please note the alternate count in blue (the "or iii" and "or iv" waves).
However, zooming out to the daily view, the wave structure still remains intact and within the rising channel. The line in the sand is 2405.70, which would invalidate the primary count on this daily chart.
Please note the alternate count in blue (the "or iii" and "or iv" waves).
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| SPX - Daily |
Wednesday, August 16, 2017
8/16/17 - EOD Update
Looks like five completed waves off the 8/10 low. Looking for the corrective a-b-c wave to complete.
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| SPX - 60 Min |
Sunday, August 13, 2017
8/13/17 - Weekend Update
Been a while but safe to say that wave (i) of 5 completed and now wave (ii) may have completed an expanded flat down to the 50 DMA. Should the market continue to sell off, a stab below 2407.07 would be the invalidation point (wave 2 retrace into wave 1).
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| SPX - Daily |
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