Counting $SPX Cash

Suspecting that my nest of ones and twos was going to fail, given the weakness this morning, has turned out to be so. But, let’s see what we can do.

If the lows at Pink C hold, we may count a diagonal, as a “1,” with the “2” either complete now, like this:


Or soon to be complete, like this:


(I don’t know if this drop is all of “2,” or just the “A” of that “2”).

For either of these to work though, we should not make new lows. If we do, then my guess is a test of the red trend line below us.

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 “Counting $SPX Cash”

Leave a Reply

Your email address will not be published.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