#Sp500 $SPX Now rising (post-triangle thrust) in the final 5th wave sequence up from the Jan 5th low = 4682.11.
Seeking diagonal wave ‘3’ completion in the next 4-5 trading days, into resistance = 5260 +/- 10, or as high as 5310 +/- 10.
Wave ‘3’ completion should then lead to a multi-week to multi-month corrective pullback in wave ‘4’ = -10% to -14% +/- (to be fine-tuned as the trend develops). Bare-minimum wave ‘4’ target = sub 4818.62.
Wave ‘4’ completion should then give way to a terminal 5th wave, and new highs = 5400 +/-.
https://twitter.com/eWavePilot/status/1770543084079571162
#Sp500 $SPX Now rising (post-triangle thrust) in the final 5th wave sequence up from the Jan 5th low = 4682.11.
Seeking diagonal wave ‘3’ completion in the next 4-5 trading days, into resistance = 5260 +/- 10, or as high as 5310 +/- 10.
Wave ‘3’ completion should then lead to a multi-week to multi-month corrective pullback in wave ‘4’ = -10% to -14% +/- (to be fine-tuned as the trend develops). Bare-minimum wave ‘4’ target = sub 4818.62.
Wave ‘4’ completion should then give way to a terminal 5th wave, and new highs = 5400 +/-.
For the near term, I found this TA useful:
$es expanding triangle, waited so long for this fella. expecting violence to the downside into Friday.
https://twitter.com/beargangCEO/status/1770554052734308536/photo/1
GL