$SPX Update

I am going to trim back the maximum target a bit because of where the EMA is coming in. I had Green C at 1.318 extension of Green A, but 1.272 also works.

Two options:

If we still need to push to that, we may see this:


In which we go sideways for a bit, then push to the EMA, or:

We may have enough internal waves in place now to be complete and I will have to look for the fib that’s at work if we’re done sooner rather than later.


If too many people aren’t intending to actually get short until 4200, I can see us falling short of hitting it. But if too many are already short, I suppose more waiting may be in store.

Regardless, I think we are close. Hopefully we roll over somewhere in this 30-point area.

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