SPX 101 CLASSIC TRENDING, CHANNELS AND FIBS

101 CHART'S DRAWING

Comment:

Still playing with the lower line of the broken channel. They did not dare to ENTER the channel. Look how many candles so far ? ALL KISSING THE LINE

wish all the best.

Comment:

we are getting close to our first main support .236 fib

wish you all the best.

Comment:

Today is our third time playing with .236 fib. Every time we try closing below it we get a bounce back. It stands @ 2357. Almost, like the lower channel line.

On the other hand 15 minute Elliott wave count from the top is an ABC satisfied
with C being not Equal to A ( C only reached .76 fib of A) . But, as you now Elliott wave always finds a way to proof you wrong :-) no matter how hard you do it.

In Conclusion: either this bounce is 2 of 3 of 5 down. Or we are going up and the pull back is done and we should see 5 waves up to a new ATH.

I believe it is time to set back and look at what is going on out side of the stock market to get a better understanding. ( it could well be a Bull's trap). still September to mid October sensitive time to anything that would Triger a correction ?

Comment:

Hey Guys,

this idea is playing really well.

wish you all the best.

Comment:

Did we hit my target or did we hit my target : -). To the point ; - ).

wish you all teh best.