SPX Down day?

Dec 3, 2019

My SPX chart from yesterday is playing out to perfection. This is an updated and cleaned up chart following up on that idea. Its looking like we should have a down open today. Take profits on my short target illustrated on the chart. A break of the yellow Geometric line would confirm an uptrend and stop losses should be placed appropriately. I didn't want to clutter the chart, but if you are looking for smaller stop losses, place a FIB speed fan from Wave 0 to 4 and that will give you nice stop loss points (especially the 50% angle).

Happy Trading


SPX