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techcharter

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techcharter

Re: techcharter post# 47626

Thursday, 01/31/2013 11:30:20 PM

Thursday, January 31, 2013 11:30:20 PM

Post# of 51788
SPX Triangle, Wave 5: Check and check, Now What?

THe action after the wave 4 triangle and wave 5 thrust resulted in a near term top that hit my estimates. At the top of the wave 5 thrust, I did not know if there was larger degree wave 5 to complete. The pullback has 3 overlapping MOTIVE moves to the downside. This could be part of waterfall of wave 1-2 combinations of multiple degrees. OR part of a complex wave 4 correction of a larger degree. Just sit and wait for another high probability setup.
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