Wednesday, October 14, 2015 12:00:48 PM
10/14/15 SPX
Review:
10/12/15 10:45:35 PM
The flat expansion double peaks 2020.86 & 2020.13 is imposing a bearish implication but narrow range movement could break out either way; 2020-2033 for upward. 1999.16-2000.87 for downward. Keep watching.
Prognosis:
- 10/13 session high 2022.34
- wave discussion:
+ Three Types of Elliott Wave Flats: link
+ Read into tea Leaves seriously. By TraderJoe link
- Minimum level to confirm the pattern: Close below 1986, see chart.
- Trade on “Right on Cue” or “wait for confirmation” or “ahead of the curve” ...
Use 60 mins Line chart for better visualization of the pattern. for reference only. Wave morphs faster than you can perceive it.
Review:
10/12/15 10:45:35 PM
The flat expansion double peaks 2020.86 & 2020.13 is imposing a bearish implication but narrow range movement could break out either way; 2020-2033 for upward. 1999.16-2000.87 for downward. Keep watching.
Prognosis:
- 10/13 session high 2022.34
- wave discussion:
+ Three Types of Elliott Wave Flats: link
+ Read into tea Leaves seriously. By TraderJoe link
- Minimum level to confirm the pattern: Close below 1986, see chart.
- Trade on “Right on Cue” or “wait for confirmation” or “ahead of the curve” ...
Use 60 mins Line chart for better visualization of the pattern. for reference only. Wave morphs faster than you can perceive it.
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