g1080 Posted June 11, 2022 Report Share Posted June 11, 2022 Took a little tome to measure retracement on SPX from 2000, 2008, 2020 and some minor retracements (or not so), according to AGET on weekly we´re, still, on a wave 4 channels blue and green were broke so making new highs on the near term is unlikely. Ellipse study shows 3700 as a probable medium term stop and there I think we should see a wave counts relabeled to a 5 wave move. I dont think we should see a 50% retracement to 2370 but a 30% ´d leave us on the 3300 range not too far away. If anyone got another point of view ´d like to read it. Cheers! https://imgur.com/a/NADJWDp Traderbeauty and subterguge 2 Quote Link to comment Share on other sites More sharing options...
g1080 Posted June 20, 2022 Author Report Share Posted June 20, 2022 S&P at 3500 on a few weeks, imho Count relabeled from wave 4 up to 3 down on weekly. Daily, the oscillator is making a divergence but 5th waves tend to end in a five sequence moves so to reach the bottom we need to make downward move to make de 5 wave move of the 5th wave down. I hope 3500 holds. [weekly] https://imgur.com/Gt7EGz1 [daily] https://imgur.com/LeIas8V RichardGere 1 Quote Link to comment Share on other sites More sharing options...
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