Replies to post #46406 on Short Term Trading Member Forum

[Chuck703VA]

Methinks you may be right, about another waveset up before another decline.....

it depends on whether we are working wave 4 of 3 down before 3.5 down or wave 4 before a fifth down.

I was thinking the latter, which should limit this rise to bottom of wave 1 around the low 1220s, but if the former 1225 should also be limiting, bottom of 3.1.

Out of the smoke and mirrors we will learn the answer....