1485 also gives us a wave 5 of 55 points, which is similar to its corresponding wave 1 which ran from 1325 to 1380. The first wave (i) off the 1485 top will bounce off the lower channel line, which is 1460 next Friday.
|ending-diagonal triangle 5th wave|
Listening to the classic 24-minute "Tube Bar" prank call recording tonight. I once played the entire thing on the public airwaves on a radio show I had on WHPK FM, at about 2:00 in the morning. Not a peep from the FCC.
Next week we'll check in on the weekly SPX Bollingers, watch for an extreme low candle on the VIX, and look for other interesting divergences.