The tell was in the triangle that marked the middle of the move up from 1992 SPX. A triangle comes in a wave 4 or a B wave position on the charts -- in this case, a "B". This was the warning that Thursday's impulse was a "C" and not a wave 3. This larger pattern is an ending-diagonal 5th wave over the next week and a half, into the January New Moon and Bollinger Band glory.
Some very difficult decisions and days lay ahead for our European friends -- the land of our ancestors, our civilization, blood and soil, our home. Our prayers our with them, that they will find the courage within to do what they must.
I am looking to buy the dip early in Monday's session.
|SPX 01-09 intraday|
EDIT: adding longer-term chart with Bollingers, 200 DMA, and low into March FOMC.
|SPX 01-09 1Y|