Replies to post #29572 on T/A ETF AND INDEX

[POG]

Vix below 14 at 13.70
Vix dropped about 35% from 24 to 13.70 in 4 days and market has rallied about 5%

Go to freestockcharts.com
Set scale weekly on SPY and select Eliot Wave oscillator.
Look at the divergence on oscillator vs price.
What happened in the past when such divergence was setup.

[riptorn]

Just a question:
Have you as an exercise or preparedness looked at an alternative EW count if we go past 1474?
You current seems most likely especially with so much capitulation that things will go up(esp. with R2k and transports technically already above their equivalent of 1474 on the S&P)