From the 1560 low Peter I see a wave 1 to about 1620, then a sideways wave 2 to 1605 and a large wave 3 to 1683 yesterday, which leaves us a wave 4 and then a wave 5 up to complete the move.
If we hit the FP of 166.75 on the SPY that will be about 1665-1667 SPX, which would make a slightly down, mostly sideways wave 4… and then we take wave 5 up to about 1700 (give or take 5 points either side)
I see a FP on the SPY of 166.75 at 8.29 am, so there’s probably more downside yet to come if they plan to hit that print today? I still see this move as some type of wave 4 with one more wave 5 up yet to come. We should come slightly short of 1700 spx or go slightly over it before this is done.
Ford chart analysis: http://niftychartsandpatterns.blogspot.in/2013/07/ford-bearish-price-action.html
Red, Here is a web site that goes over the elite…good one realjewnews.com
well, then we should finally get a worthy bear market after, It’s been long enough
ES Chart update: http://niftychartsandpatterns.blogspot.in/2013/07/es-chart-update_16.html
From the 1560 low Peter I see a wave 1 to about 1620, then a sideways wave 2 to 1605 and a large wave 3 to 1683 yesterday, which leaves us a wave 4 and then a wave 5 up to complete the move.
If we hit the FP of 166.75 on the SPY that will be about 1665-1667 SPX, which would make a slightly down, mostly sideways wave 4… and then we take wave 5 up to about 1700 (give or take 5 points either side)
I think this is the wave 4 up red
I see a FP on the SPY of 166.75 at 8.29 am, so there’s probably more downside yet to come if they plan to hit that print today? I still see this move as some type of wave 4 with one more wave 5 up yet to come. We should come slightly short of 1700 spx or go slightly over it before this is done.
Could be? But more likely this is just a slightly down smaller wave 4 of some kind with an exhaustion wave 5 up still to come.
remember, today is a 2 day… could be it
SILVER Trend update: http://niftychartsandpatterns.blogspot.in/2013/07/silver-trend-update.html