E-Wave for the S&P 500 Index

[RCKS]

excerpt from my post to Glen on his thread..... Charts_CCI_System

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=171284801

a week ago you(Glen) mentioned that on the weekly chart for the SPX we were still trading inside the price range of the week ending Feb 3rd. This chart is the SPY Weekly and we traded out of that range to the downside today but the more telling aspect is we have back tested the Falling Trend Line off the All Time top from above it. We broke out above that Trend Line the week ending Feb 3rd. and you could argue this back test is quite Bullish if it holds above the trend Line

http://stockcharts.com/c-sc/sc?s=SPY&p=W&yr=3&mn=0&dy=0&i=p82595639926&a=587003585&r=1677194645324

http://stockcharts.com/c-sc/sc?s=%24SPX&p=W&b=5&g=0&i=p79346269434&a=222820001&r=1677194542815