Replies to post #47132 on Short Term Trading Member Forum

[techcharter]

SPX Futures E-Waves

Had I looked at the SPX futures chart, I would have the seen the triangle AND it's post thrust in the pre market instead of waiting to see it in the open market in the early afternoon.

Anyway, the downdraft is the confirmation to a trend change. There should be a little bounce tomorrow as investors clear their head of tweety birds or stars. The markets are in a Large Wave 3, or a cascade of waves 1-2 is underway.

http://charts.insidestocks.com/chart.asp?sym=esu2&data=Z10&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