E-Wave for the S&P 500 Index

[RCKS]

rimshot
thanks for the commentary and charts as always.

Interestingly snoot had us bouncing pretty good back up to his upper tine on the red fork before more down. I'm not sure we bounce that high but I see us bouncing here and the basis for it is yesterday's bounce off the 2790 lows.

That had the look of 5 waves to me and if so today's selling was a quick wave 2 potentially. We'll see soon enough if there is any validity to my thinking.

I've had the view that we are going to stay in turmoil at least through election day which is still two weeks away.

I would be surprised to see this get ugly before election day and truthfully I could see the market go on to new highs into year end and early 2019 before we see the huge correction that many see as underway already.
This is me speaking in tongues of course, just my own nonsense............