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Will_Wong

SPX: Following some serious distribution the past few days, SPX

Long
S&P 500 Index (SP:SPX)  
Will_Wong Updated   
SP:SPX   S&P 500 Index
Wave Analysis
16
9
waveanalysis
is down to its last three line of defense. The first is the closest trend support line. The level to look out for is about 2620. The second is Fibo 38.2 and wave (i) top of about 2597 since wave (iv) cannot encroach into wave 1. The last and final line of defense is the Fibo 23.6% which also coincides with the lowest trend support line at 2527.
Comment:
2593 busted today. Down to two last lines 2569 and 2527

snapshot
Comment:
SPX: Showing the expanded ABC Wave 4 correction

snapshot
Comment:
Wave 4 still on track:

snapshot

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