Replies to post #48708 on Short Term Trading Member Forum

[rab120]

:-)

[techcharter]

SPX Futures are up slightly this evening.

But don't let that fool you. The SPX futures topped out early morning on January 26, and traced out a well defined motive wave ending in open market trading on January 30. Since then the SPX futures have traced out a wave 2 flat. The corrective pattern is about to start wave 5 of c as I write. I don't know exactly how the rest of the overnight trading will go; however, I expect at least a 2% drop the rest of the week.