Any one who follows EWP and trades will tell you NEVERTRADE A WAVE 4. Wave 4's typically can have the most complex of all EWP patterns. It's just not worth it.
Today the SPX opened high and stayed high throughout the day. I do think this will take time but we should get retrace tomorrow in b of 4. They way I'm labeling this area is largely as a wave 4 flat. Obviously I'm keeping an open mind to what price tells me...but patience is required as this wave 4 will not compete tomorrow.
Best to All,
Chris
Today the SPX opened high and stayed high throughout the day. I do think this will take time but we should get retrace tomorrow in b of 4. They way I'm labeling this area is largely as a wave 4 flat. Obviously I'm keeping an open mind to what price tells me...but patience is required as this wave 4 will not compete tomorrow.
Best to All,
Chris
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