Gapped down on futures at open, so we're currently under the daily 18ma. Getting over it tomorrow would indicate to me the B wave will continue to about 3850 into the election and then we should have a powerful C leg down. Keep in mind that VIX has been selling off consistently for almost 2 weeks straight so a bounce there is expected soon. If the market is around 3600 when CPI comes out I'm betting it's a buy. Two paths are shown below, good luck.
Comentarios:
Comentarios:
VIX to daily BB target would be around 23 dollars
Comentarios:
As of now the 18ma and pitchfork fib has held, I expect more upside to 3860 area before a larger leg down.
Comentarios:
it's possible this B wave is finished. If there are problems with the elections today, we may get a sell off today. Nothing confirmed and 3840-60 still possible.
Comentarios:
if they can start getting under 3780 the channel will be broken
Comentarios:
here's a possible count, if it's correct it should finish today around 3850 -60
