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To: hawkeyefan who wrote (40654)3/11/2025 4:58:59 PM
From: skinowski  Respond to of 41456
 
Nice pick up, Hawk!

Yes, looks like a neat little impulse. To prove it’s meaningful, the market needs to open strong tomorrow, and take out the top of that little impulse - for starters.

If you look at the 5 min chart, there is a bearish read, as well. The orthodox low could have occurred yesterday, at about 3 pm. And what followed was an Expanded Flat, of which your impulse would be Wave C.

The market will give us the answer tomorrow, most likely within the 1st hour.

FWIW, I can see a possibly completed down impulse on the hourly chart. But, we need the market to confirm one way or another.



To: hawkeyefan who wrote (40654)3/11/2025 5:18:18 PM
From: Jack of All Trades  Respond to of 41456
 
Todays low was ~4pts below the 200% fib ext off the top on the SPX at 5532.

I suspect we eventually test the 300% at 5293 area before expiration.

JMO



To: hawkeyefan who wrote (40654)3/12/2025 10:24:30 AM
From: skinowski  Read Replies (2) | Respond to of 41456
 
So far, the market action is no joy. Yesterday’s afternoon spike SPX high was tested - but not taken out.