A Couple of Notes on $SPX

I still cannot rule out slightly higher prices to reach more ideal fibs.

That said, we struck the upper rail of what I think might be an ending diagonal and that coincided with the 250-day EMA (green arrow). It might be enough to stop us.

However, if we are going to “overthrow” the ending diagonal (which can be a common thing to do), this morning’s pullback might be a 4th purple wave of 5 purple waves leading to red c (as depicted below).


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.

One thought on “A Couple of Notes on $SPX”

Leave a Reply

Your email address will not be published.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