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Vinny10

4 Wave Correction?

Short
S&P 500 Index (FX:SPX500)  
Vinny10 Updated   
FX:SPX500   S&P 500 Index
Chart Patterns Wave Analysis
2
0
chartpattern waveanalysis
Let's see if these counts are correct.
Comment:
Look for recent lows (10/11) to be taken out and form an ABCDE type of triangle within a larger 4th wave correction. Basically, a lot of side-ways action before it rips higher.

Note: If price hits b wave prior to a, count is invalid. Again, I am leaning more so on this being a larger 4th wave and thus expect recent lows to be taken out!
Comment:
If we close any lower than (a) wave, then my B wave would be likely a 5 (which won't be good). I still feel we'll consolidate into a triangle here and then be on our ways to make new highs
Comment:
10/31 - Looks like we're in a Wave 4 Consolidation!!
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