finitemonk

SPX: Triangle Wave ii

FX:SPX500   Índice S&P 500
3
Seems to be. Point d still tbc. Still acting correctively (in 3's). US session I think taking it back up, choppily to 1982/86 area.
If falls short of 1986.3 / 0.618 retracement, & with failure to break above recent intraday highs (a & c) could precipitate resignation / acceptance of a bear market (of which I interpret this triangle as denial)
Expecting proportionately wave i of iii to drop to steeper down channel bottom, upper 1940s / 1950 area, at least aiming there (& the bottom of the long term up)
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