Some Morning Notes

I am looking for the final leg of a 3-wave correction to complete soon.

On the S&P, if that miraculously happens very close to here, this wave 2 will be a running flat, if a bit higher at the “technical bear market” level, then a regular flat, and if at the orange box, then an expanded flat.

If we get above the 7/8 high, then something else is going on and I will have to reconsider.

ES


Note: When articles are first published, most of them are made available only to my Patreon supporters (I do try to publish some public posts on occasion). Over time (usually after a period of a few weeks or so), I make all of the work public. To gain access to my work when it is produced (or to join my Discord chatroom), please consider becoming a patron. Note that there is a 7-day free trial period. More information may be found on my About page and on my Patreon page.


Leave a Reply

Your email address will not be published. Required fields are marked *