Hi All,
Here's my forecast on the today's development in SPX. We need to complete the final C of C of (4) up, before we proceed with the decline. I suspect that we may actually touch 2043 which is the end of wave (1) of the whole decline we had so far. We will then have a leading diagonal at play. Depending on whether we touch the 2043 or not the decline that will follow after with either be impulsive or zigzag'ish.
Anyway, today is supposed to be the last day of the ascending movement, and since the options expiration day is also today, we may expect the real decline to start monday 19th.
Here's my forecast on the today's development in SPX. We need to complete the final C of C of (4) up, before we proceed with the decline. I suspect that we may actually touch 2043 which is the end of wave (1) of the whole decline we had so far. We will then have a leading diagonal at play. Depending on whether we touch the 2043 or not the decline that will follow after with either be impulsive or zigzag'ish.
Anyway, today is supposed to be the last day of the ascending movement, and since the options expiration day is also today, we may expect the real decline to start monday 19th.