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the_sunship

SPX 500 - 5 waves complete, likely bounce today

Short
S&P 500 Index (EIGHTCAP:SPX500)  
the_sunship Updated   
EIGHTCAP:SPX500   S&P 500 Index
Technical Indicators Wave Analysis Chart Patterns S&P 500 (SPX500) S&P 500 E-Mini Futures SPDR S&P 500 ETF (SPY)
7
3
indicator waveanalysis chartpattern spx500 es1! spy
Not sure if the bounce will be all day or half. Expecting a pullback at open and then rally to 3850, maybe even to 3880, then lower.
Comment:
retracement may already be done, watch for break of low
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Comment:
OK the retracement looks done (right now at least). Targets for next move down is shown. I doubt they get there today, but you never know.
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Comment:
SPX cash may make another run at the pitchfork fib line, it doesn't have to, but it may.
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Comment:
got there, should reject in this area.
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Comment:
that pitchfork Fib has been very important, They can't get over it, so I'm still bearish for CPI tomorrow. It may be wrong, but I'm going to trust the analysis.
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