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Strategies & Market Trends : Humble1 and Swing Trading Friends -- Ignore unavailable to you. Want to Upgrade?

To: bob_o who wrote (41168)	12/16/2025 6:29:16 PM
From: bob_o	Respond to of 41179

The green shaded area on the S&P provided support today, and the rally that followed may have been good enough to indicate that the wave (b) low was put in. Today’s move down did eliminate one of the dashed green arrows. I also extended the other one up to 7029 for now. Tomorrow’s price action should tell us if the test of that target range was just a tease. One bullish sign today was the VIX putting in a lower high than it did last Friday. I do have one slightly lower S&P target that hits around 6748 tomorrow that’s based on an extended trendline. I’ll see what the tea leaves say tonight, but either way, I think I should feel a lot more confident by tomorrow about which direction the market’s headed into the end of the year.