Replies to post #47504 on Short Term Trading Member Forum

[techcharter]

SPX Flat is DONE

Wave 3 or Wave C down has started. Today's pop and drop broke yesterday's low, negating further potential motive advances from the opening pop.

Wave 3 is my preferred count. The bounce in the DAX made ideal price and time fibonacci ratios. The bounce in the SPX did not, indicating the downside forces are strong. Look for a 5-10% drop before markets reach the next level of support.