A picture would be worth a 1000 words, I am lost again.
Yesterday chatting with Pegwatcher I suggested I was looking for a bounce from the recent lows. My initial thoughts were somewhere around 1338.99 area or a 38.2% bounce. This mornings retreat South could be complete now and we then need a C=A wave up to the sub 1340 area. I still see that as a possible outcome.
That would be followed by a fifth wave down. Perhaps to the 1270 area or maybe even more.
Just another opinion. Watching for re-entry point.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.