The decline from SPX 2390 looks like a Triangle. If the SPX can rally to the 2380 area in the first hour of 3/21/7 this could be an excellent short opportunity.
Minor wave 4 bottom target date is 3/27/17 price zone 2280-2300
Thanks for the compliment. I don't have a paid service. The RUT follows the SPX about 80% of the time so If you follow my SPX counts it should be effective for the RUT most of the time. Todays is a great example. You could have shorted RUT on the SPX open and had a profitable trade.
SPX will probably continue lower into the target date of 3/27/17 in the 2280-2300 area.
One difficulty I have is that I don't daytrade! Are use vertical spreads that I put on 40 to 50 days till expiration.
For example on the Spx, after the 27th what is expected? I know no one knows the future for sure but what's the anticipated trajectory. Not sure if I'm making sense . That's why I wanted to email you so I I can better explain the way I trade and you may have suggestions to me on how to use your counts. Thank you very much
Thanks for the compliment.
Completely spot on analysis by Mr.Rivest !
As a trader, I cannot emphasis to the trading community at large how valuable Mr. Rivest's work really is.
Thanks for the compliment. Glad I can help.