AI
Friday, November 03, 2023 9:37:16 AM
SPX bouncing viciously can mean a new wave 2 or completed C wave down and we're off to new highs
http://www.pretzelcharts.com/
"Apparently it was "that simple" as SPX finally committed to bouncing solidly after capturing its downside target and inflection zone. In fact, the bounce is now close to wave 1/4 overlap territory, which would suggest the bounce is either another 2nd wave or the ALL OF C bull option discussed on 10/26:"
"Next resistance is fast approaching (blue rising line), so we'll see if that zone can slow the bounce or not:"
"Not much to add beyond that. Trade safe."
http://www.pretzelcharts.com/
"Apparently it was "that simple" as SPX finally committed to bouncing solidly after capturing its downside target and inflection zone. In fact, the bounce is now close to wave 1/4 overlap territory, which would suggest the bounce is either another 2nd wave or the ALL OF C bull option discussed on 10/26:"
"Next resistance is fast approaching (blue rising line), so we'll see if that zone can slow the bounce or not:"
"Not much to add beyond that. Trade safe."
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