After yesterday's absolute washout it occurred to me that we're probably in another C wave. This would line up with Bitcoin and Oil. C waves only get mini bounces and charge relentlessly to the downside. A bounce up to 3850ish is probable first with the FOMC or after, but I wouldn't take it too seriously. If C equals A, target is around 3400.
Comment
Rally is on! Target 3860 area
Comment
stopped out on the fakeout, will wait for rally after Fed.
Comment
Looks like B is finished. I'm going to wait for the fed, but this may be the C wave now in progress.
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.