Replies to post #45787 on Short Term Trading Member Forum

[techcharter]

Today Was Flat Wave

The morining rally can be counted as a zigzag (wave a of flat). The noon selloff can also be counted as a zigzag (wave b). The rally out of this afternoon's low is textbook motive (wave c). WOW, a 5% move!!! This flat could be wave 2 or 4 depending how strong the market is. Either way, look for movement back to SPX 1100.