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techcharter

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techcharter

Re: None

Wednesday, 03/18/2015 10:14:39 PM

Wednesday, March 18, 2015 10:14:39 PM

Post# of 51844
SPX blasts off.

I've got two bullish wave counts. Both are ending diagonals that started in October 2014.

1.) Wave 4 completed last Wednesday at 2039.
Wave 5 in progress.

2.) Wave 3b completed last Wednesday at 2039.
Wave 3c in progress.

Choice 2 would frustrate the most number of market participants (bears who are shorting too early and bulls who would be off the charts complacent); therefore, it would be the most likely outcome.

http://stockcharts.com/h-sc/ui?s=$SPX&p=D&yr=0&mn=6&dy=0&id=p52835791613
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