Early 2008 market had a similar pattern, triangle 1,2,1,2 and then dump starting correction. Funny thing is, fed is following now the same rate cut schedule as back then.
I disagree on spx. I got it a 5 waves impulse structure starting Aug 24. wave 3 is in "6099 top" followed by a textbook abc correction to 0.382 for the 4th
@sultanouda6583 - It looks like how your counting is my alternate - which is very plausible. To clarify for me -- are you considering the 6099 high as the completion point for minute 3 and the abc down as minute 4? That, then, would be my alternate and thus far haven't shifted it over to Preferred status. Thank you for adding to the conversation.
Aug 24th does not make sense. Do you mean the 8/5 low or the higher low on 9/6? If it's 9/6, 38.2% is the current low. 8/5 & it would dump to 5700 area
Early 2008 market had a similar pattern, triangle 1,2,1,2 and then dump starting correction. Funny thing is, fed is following now the same rate cut schedule as back then.
@GregRyanFitness - Thanks for the reference point -- Fed following the same easing schedule may become key --
I disagree on spx. I got it a 5 waves impulse structure starting Aug 24. wave 3 is in "6099 top" followed by a textbook abc correction to 0.382 for the 4th
@sultanouda6583 - It looks like how your counting is my alternate - which is very plausible. To clarify for me -- are you considering the 6099 high as the completion point for minute 3 and the abc down as minute 4? That, then, would be my alternate and thus far haven't shifted it over to Preferred status. Thank you for adding to the conversation.
Aug 24th does not make sense. Do you mean the 8/5 low or the higher low on 9/6? If it's 9/6, 38.2% is the current low. 8/5 & it would dump to 5700 area
thx.
You're welcome.
Pump it 🎉
once we get to that A=C level (5784 ES), if we don't bounce....it's lights out.
@brentlorrilliere6057 - or you could say "checkmate!!"
Sure starting to look toppy here. It is the UST market 3rd wave?