SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : CFZ E-Wiggle Workspace
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
From: skinowski11/16/2023 9:35:04 AM
1 Recommendation

Recommended By
robert b furman

  Read Replies (1) of 41471
 
Hourly chart of ES. For SPX the numbers are a little different, but the shape is the same. Look at the rally out of the 10/27 low. We see three waves up. The leg up out of the Nov 9 low is either wave C (or part of it) — or, wave 1 of 3.

Either way, the key level is the Nov 9 low. If it’s taken out on a pullback - then the rally from the Oct low was a three-waver, and the bear is back.

I think we have enough evidence to expect bullish action (like the Zweig breadth thrust). But, it’s good to have a line in the sand, just in case.

Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News