S&P 500 & Nasdaq Analysis and Trends

[Myself °¿°]

I'm not pretending to know anything about counting waves...
The only wave counting I do is at the beach.

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Just to many if's in wave counting...
I think they should all get together and make a hardline decision of what wave of what we are in.

But I do find comparing; fib lines, fib fan lines, ma's/em's of indexes Q's and SMH interesting.
As 37 was not a fib retrace for the Q's... it may have simply been max pain. It was for me -ng- Puts expired worthless.

On the outside chance the markets rally Monday without the Q's hitting a fib...
Note SMH gap did not fill but hit the lower fan line.
Any rally should/could be short lived? Who really knows...
RSI 5's closed low on friday so a slight pop would not be out of the question.

Maybe not enough fear in the market "capitulation" yet
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