markrivest
Short

SPX shorting opportunity on open 10/4/16

TVC:SPX   S&P 500
98 0 2
The SPX             from the early low on 10/3/16 appears to be forming an Elliott wave Expanding Flat correction . Wave "c" of this pattern looks like a developing Ending Diagonal Triangle.

A 50% retrace of the decline from 2175.30 to 2154.80 targets 2165.05
Wave "a" of the Expanding Flat was 7.00 points x 1.382 = 9.70 + 2154.80 = 2164.50
Broader range is SPX             2164.00 to 2165.80

It is most likely the SPX             could reach this target within the first 10 minutes of trading on 10/4/16.

Mark


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