CFZ E-Wiggle Workspace Message Board

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Strategies & Market Trends : CFZ E-Wiggle Workspace

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kckip

From: skinowski	10/23/2023 6:18:06 PM
	1 Recommendation of 41471

If you look at the daily SPX, it spent most of today lower than the low in early October. I think this is a potentially important juncture. It needs to be approached with an open mind. It is not impossible that the early October low was the end of wave 3 of C. In which case the October rally was 4/C - and the sharp decline of recent days was Wave 5 of C. This is a very bullish scenario. However, the bearish version is that we’re on the verge of a far deeper decline - wave 3 of 3, counting since the July top. Imho, it’s time to be careful - and to determine correctly what’s the real larger trend.

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