Waves (3) or (c) = (1) or (a) at 2891, which is just shy of the 62% retracement level and the 50 day moving average is sloping down at this level as well. We'll see if this is a target over the next few sessions.
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| SPX - Daily |
Wednesday, April 8, 2020
4/8/2020 - EOD Update
After yesterday's reversal, the bulls came back to play for a little bit or squeezed the bears a tad to push wave (3) or (c) towards the 50% retracement level of the COVID-19 decline.
Waves (3) or (c) = (1) or (a) at 2891, which is just shy of the 62% retracement level and the 50 day moving average is sloping down at this level as well. We'll see if this is a target over the next few sessions.
Waves (3) or (c) = (1) or (a) at 2891, which is just shy of the 62% retracement level and the 50 day moving average is sloping down at this level as well. We'll see if this is a target over the next few sessions.
Monday, April 6, 2020
4/6/2020 - EOD Update
Looks like we got confirmation of the start of wave (x) or (3) since last week's post.
Primary count in blue. Orange count is the alternate.
Primary count in blue. Orange count is the alternate.
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Thursday, April 2, 2020
Wednesday, April 1, 2020
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