Quantum_Maryland_Capital
Short

$SPX: Interim High Likely in Place

TVC:SPX   S&P 500
114 2 3
Wave 5 frequently equals .618 x Wave 1............618 x 64 = 40. 1952 plus 40 = 1992. Plus, RSI rolled over.
tradeBob1
20 days ago
Can you put a number behind "frequently"? Is there a formula for probability based on five points?
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Quantum_Maryland_Capital tradeBob1
19 days ago
@tradeBob1, The 5 waves is simply an impulsive move (up) as described in EW theory. Sorry, no probabilities; you really don't know until after the fact when its clear a correction is underway. That is why I am careful to use words such a likely as opposed to saying short 21xx
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