SPX500 - The top doesn't look quite right. Watching 4230

Jan 21, 2022

Well, this is a fine mess. I use multiple disciplines to make my trades. Of all the ones I use, believing my eyes is the most important. That is to say that strong price action in a given direction is the most important trading cue. I do love to try and overlay the most obvious Elliott wave pattern on my charts. About the only one I can make fit here is the one I'm showing. We are at a trend line so price action here will be important. But overall I won't take a strong bearish stance until we break 4230.