finitemonk

SPX - Little Wave Map

FX:SPX500   S&P 500 Index
92 0 1
So far so good. I THINK now in iv of (i). Importantly it's broken & trading below the strong up channel of 5 (lower heavy dotted line). I've chipped out my short trades now, I want to see how high (ii) goes back up.
As a relief to bulls frantically trying to convince, could be a bit of spurt ...
1986.3 is a significant price level - 2.618 off wave 1 (or A, since I am wondering of this is the completion of a C wave of (B)
One small observation so far, wave i's are quite long ...
(Edit - that could be small wave v it's just completed - hmm, lets see)
Oh! that's supposed to be (v) at the top not (iv)
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