If you take a look at the long-term count, notice that thin blue line I had connecting waves 1 and 3 on an Elliott count -- points #11 and #21 on the 3PDH?
 |
| SPX 4Y 3PDH |
See that line? We threw a pin at it with Monday's high of 1955 SPX. We zoom-in for a peek.
 |
| SPX daily 3PDH close-up |
I still want to see us find support in the 1915-1920 area before starting a larger leg down with next week's FOMC news release.
2 comments:
It's 21 I think.
It could still be 21, yes. Point #23 for both counts could end up being the big turn window on 7/16. Next few days into FOMC are critical for these pattern counts.
Post a Comment