7/16/2020 - Pre-Market

Sorry folks, been a while again, just busy with all the craziness. I have certainly been watching this market. I apologize for not updating the blog. The easiest thing during the past few months was the range SPX was trading in between 3232 - 2954.

I have cleaned up my 60 Min chart to simplify the count(s). My initial counts were a little early as far as printing five waves up off the March low.

After breaking through 3000 in early June and consolidating thereafter, I was watching the consolidation period as either a wave 4, my primary, or wave x.

I'll try to post my weekly later this week/weekend for bigger context. GL!

Maybe today's dip is the wave e of an ascending triangle or wave c of 4 needs a deeper retrace.

SPX - 60 Min