Short Term Trading Member Forum

[techcharter]

SPX Futures Showing Flat E-wave

The rally off Wednesday's low looks like a zigzag (wave a). The sell off from THursday's high looks like a zigzag (wave b). So far, th erally off Friday's lows looks motive (wave c) This 3-3-5 pattern fits the definition of a flat. There may be a slight rally oernight and into the opening; however, chances are wave 3 starts from the 1550 area and finishes below the 1510 area.

http://charts.insidestocks.com/chart.asp?sym=esm13&data=Z60&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