This is a 3-3-3 corrective wave pattern forming. Looks like we had 3 strong down waves in 'W'; 3 smaller up waves today for an 'X';
The 'Y' should start very soon, will likely open with a gap down and should carry index to near same decline as 'W' or ~520 points to 24818.
I do not see an ABC pattern here, as there are no 5 wave impulses in the W or X waves.
As always I am not an investment advisor, and this is not advice, it's for education and amusement. Good luck!
The 'Y' should start very soon, will likely open with a gap down and should carry index to near same decline as 'W' or ~520 points to 24818.
I do not see an ABC pattern here, as there are no 5 wave impulses in the W or X waves.
As always I am not an investment advisor, and this is not advice, it's for education and amusement. Good luck!
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OMGosh lookit the futures go! LOL
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.