And Very Locally, We Have This

Zooming in one degree from the intermediate count noted earlier, I can also see good balance within this last structure (the pink 5) as well:

SPX

So, a good spot. I hope it reverses, because I have little evidence to support a bearish conviction. If I did, trust me, I’d be all over riding this puppy down, lol. But truly, I like to have enough in hand to justify a trade, and I don’t have enough here for me to expect lower.


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3 thoughts on “And Very Locally, We Have This”

  1. I think we’re going to look back at Powell’s words around “more pain to come” as the words that marked the short term bottom in equities (atleast going into midterms). Has happened in the past.

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