Short Term Trading Member Forum

[techcharter]

SPX Futures e-waves Update

Over the weekend and through this morning, the pattern looks like a corrective zigzag, with the zag as an ending diagonal which is truncating. The choppy sideways action indicates this is a corrective rally, which may last a little longer. The market is setting up for a powerful 3 of 3 of 3 at some pretty large degrees of trend.


http://charts.insidestocks.com/chart.asp?sym=ESU2&data=Z15&date=051406&den=HIGH&divd=Y&evnt=ADV&grid=Y&jav=ADV&size=D&sky=Y&sly=N&vol=Y&late=Y&ch1=011&arga=&argb=&argc=&ov1=&argd=&arge=&argf=&ch2=&argg=&argh=&argi=&ov2=&argj=&argk=&argl=&code=BSTKIC&org=stk