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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives
SPY 690.270.0%Dec 26 4:00 PM EST

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To: POKERSAM who wrote (107898)7/5/2018 10:48:55 AM
From: POKERSAM  Read Replies (1) of 220710
 
The e wave of a triangle will usually under shoot or over shoot the AC trend line. It looks like we might get an under shoot this time. With the completion of 4, wave 5 down should at least hit 2682. Fives have a huge possible range and could go much further down. The wave structure as it declines should give a clue to its distance. With the completion of 5 of (1) of [3] we will get a decent bounce in (2) of [3].
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