ON 2/24/20 the SPX may have completed Minor wave "4" at the exact same price level 3214.70 as the bottom made on 1/321/20.
Typically wave "fours" bottom in the area of fourth waves of one degree lower. In this case Minor wave "4" appears to have bottomed at the Minute wave "iv" low.
Minor wave "4" is close to equal with the supposed Minor wave "2". This is a typical Elliott wave Fibonacci relationship.
Mark
Typically wave "fours" bottom in the area of fourth waves of one degree lower. In this case Minor wave "4" appears to have bottomed at the Minute wave "iv" low.
Minor wave "4" is close to equal with the supposed Minor wave "2". This is a typical Elliott wave Fibonacci relationship.
Mark