Short Term Trading Member Forum

[techcharter]

Nasaravi - SPX

There is still a chance of a new SPX high in the next 30 days, but it would not be a breakout by any means. E-waves could still produce an ending diagonal or flat. The SPX would have to remain above 1973 to keep the ending diagonal wave count in play.

My spectral model indicates at least one more down day before calling a short term bottom. I need to update it 2x a day with these fast moving markets, especially this close to a turn.

The spectral models for the RUT and NYA averages have already topped and rolled over. This signals a >90% chance of a >20% drop.