Updated notes on chart. We'll see. The Shark is not ideal and we may have simply retraced the Gartley (not seen here).
Comments
jeanbaptiste.laurent.94
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I vote for the pink one also ! But if it breack this range it could drop a 100 points pretty fast !
KLang
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Well, there could be another larger pattern in play below that - I'm pretty sure I posted it in the last few days. First things first. We need to see how the .50 retrace is handled. And AB=CD makes for nice symmetry...but I could be completely wrong about the Shark - it just doesn't feel "right" and the PRZs are not tight. Then again, "off" looking patterns play out all the time. Also, the China news might be good for commodities, but not for the market in general - this could just be "basket buying"
jeanbaptiste.laurent.94
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well we were do for some profit taking ! The dax acting today I can defintly see the spx retest the 2100 mark today ! But the path of least resistance still seems to be very much down ! but there are a LOT of resistance that could turn support beetween there and 2040 ! don't hesitate to drop by our facebook group : facebook.com/groups/sp500warriortraders/ to tell us what you all think !
claydoctor
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100 MA could be the roadside hamburger stand, do we stop, or just keep going?
Martzee
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What do you think about futures gaped up tonight bu 0.39%? Will that spark a rally or yet another sell off on Monday?