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techcharter

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techcharter

Re: techcharter post# 48708

Tuesday, 01/31/2017 8:13:00 PM

Tuesday, January 31, 2017 8:13:00 PM

Post# of 51779
SPX Futures are up slightly this evening.

But don't let that fool you. The SPX futures topped out early morning on January 26, and traced out a well defined motive wave ending in open market trading on January 30. Since then the SPX futures have traced out a wave 2 flat. The corrective pattern is about to start wave 5 of c as I write. I don't know exactly how the rest of the overnight trading will go; however, I expect at least a 2% drop the rest of the week.
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