mikeoakster

mikeoakster

... from the high, we could be having an impulse... and if that's the case, more downward pressure will come...

mikeoakster

Nope, right?... My proposed ending diagonal in subminuette degree appears to have been confirmed. Now what? Could the decline be the 2nd wave of the ending diagonal in minor degree I've been proposing? Or will it be something else? The answer one can give comes from the interpretation one does from the high in January. And, in my opinion, that high was followed...

mikeoakster

Something like that.

mikeoakster

Let's rally to complete the ending diagonal and hence the first wave of the bigger ending diagonal? Be aware it can also go down!...

mikeoakster

Or not.

mikeoakster

Breaking through the top of the red channel, but stopping at the top of the blue channel. Now what?

mikeoakster

In this scenario, bearish RSI regular divergences would send red alerts...

mikeoakster

Or down? Or sideways?

mikeoakster

Maybe.

mikeoakster

Maybe this.

mikeoakster

Watch out if this scenario is confirmed...

mikeoakster

Seems reasonable to me.

mikeoakster

... so good.

mikeoakster

Or not.

mikeoakster

Just one of the numerous ways of counting and projecting the recent SPX price action. In this one, price would stay sideways for much more time, inside a larger flat or some EW combination pattern, forming a classical rectangle, this way supporting a larger long term uptrend.

mikeoakster

Maybe yes, maybe not.

mikeoakster

Up?

mikeoakster

Let's go!