Friday, February 5, 2021

2/5/2021 - EOD Update

Since my last post I was looking for wave c down for wave 2. Looks like we got it as the market pulled back and tested the 50 day moving average and has since made a new all time high. 

Seemed a little too quick for me so I will leave room for the possibility that the pull back could have been a wave iv pullback for wave 1 that may not have completed yet. SPX 4k is within reach so we'll see if it gets there first before a larger pullback or just continues to climb higher past 4000.

SPX - Daily