Will Wong

SPX: Today's price action confirms wave 4 is not over. FB 1.618,

SPCFD:SPX   S&P 500 Index
1163 views
13
1163 2
200 ma, and FB 2.618 provides support.
Mar 21
Comment:
Mar 22
Comment: Scrap the bullish option. V-1 coming up.

Mar 23
Comment: Added wave A = Wave C option

Mar 23
Comment: Wave C could be an extended 5-wave down. Wave A=Wave C very likely too.

Mar 26
Comment: A stronger than expected wave (iv) bounce. An iHnS patter developed. If this rally continues, EW might be invalidated. See price targets on chart.

Mar 26
Comment: Bullish alternate count:

Mar 28
Comment: With todays price action, I believe the bottom will be within the zone containing wave A = Wave C or the Feb 09 low.

An alternate is if the 200MA held. Then wave (iii) will be wave (iv) like the earlier update above.

Mar 30
Comment:
Mar 31
Comment: Adjusted final price target to line up with strong support at the Wave a = Wave C, Wave a = 1.272 Wave C

Apr 02
Comment: SPX Count still intact:

Apr 03
Comment:
Apr 03
Comment:
Good job!
Reply
Not necessarily. It could very well be just a series of rising triangles.
Reply
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