E-Wave for the S&P 500 Index

[RCKS]

"SPX is now dead-on the red inflection zone shown in December, so we'll see how it reacts"

http://www.pretzelcharts.com/

"CPI gave the market whiplash yesterday, but a few interesting things happened in the process.

First, SPX finally reached the red "?" to the [I want to say "to the letter," but ? isn't a letter, at least not in the English alphabet].

I haven't updated this chart because Stockcharts will delete all my annotations and I'll have to start over. The annotation from 1/11 contains an extra sentence, which I had edited out (via Photoshop, due to the aforementioned Stockcharts bug) when I first published this chart."



"Took a little longer than shown, but here's how that chart looked on December 28:"



"Second, NYA finally made a new high (though still short of its "textbook" target, which, again, does not necessarily need to be hit on the button):"



"In conclusion, SPX is now dead-on the red inflection zone shown in December, so we'll see how it reacts. Trade safe."