InvestorsHub Logo
Boards
News
Market Data
Markets
Discover
Discover
AI Subscribe Login/Register account icon
S&P 500
5,985.38
(
0.02%
)
US TECH 100
20,499.60
(
-0.08%
)
Dow Jones
43,958.19
(
0.11%
)
Brent Oil
71.75
(
0.18%
)
Bitcoin
89,345.07
(
1.62%
)
Post# of 51875
Next 10
Reply Private New
Public Reply Private Reply New Post
Keep Last Read
Keep Next 10 Report Keyboard Shortcuts
Next 10 Prev Next

techcharter

Send PM Follow Ignore
Followers 24
Posts 2281
Boards Moderated 0
Alias Born 06/03/2004

techcharter

Re: techcharter post# 47471

Wednesday, 10/10/2012 11:59:27 AM

Wednesday, October 10, 2012 11:59:27 AM

Post# of 51875
SPX Bounced, but...

The bounce off the opening low was definitely corrective. The lower low in the SPX this hour is motive. Instead of a zigzag or double zigzag, the only other corrective could can be a wave 2 flat. I don't give it a high probability because the zigag off this morning's lows was disproportionately short lived in time and price.

Reconsidering the wave 4 triangle as another smaller degree wave 2 might be more accurate.
Public Reply Private Reply New Post
Keep Last Read
Keep Last Read Next 10 Report Keyboard Shortcuts
Next 10 Prev Next
Join InvestorsHub

Join the InvestorsHub Community

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.

Sign Up