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Strategies & Market Trends : CFZ E-Wiggle Workspace
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To: skinowski who wrote (41437)11/24/2025 10:58:18 AM
From: skinowski2 Recommendations

Recommended By
accountant
kckip

   of 41490
 
A follow up on the same idea - SPX 6772

That’s about the high last Thursday - which was rejected in favor of a sharp deep wave C selloff, into Friday's low.

Looking at the hourly, the entire correction since the October 29 top was an abc down to the 11/18 (A) low, followed by a sharp bounce (B) to last Thursdays high - and a a final C down, to last Friday’s low.

Taking out the 6772 level confirms this.

It’s probably possible to read it differently in details - but, this is a helpful, practical hypothesis.

Also, if one were to draw a Darvas box - 6772 would be a great place to start - it’s a nice support / resistance area, on the hourly.

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