Beautiful final 3-4-5 progression as outlined in the #SP500 $SPX, with 5260 +/- 10 area resistance successfully capping upside / strength. From the 5264.85 high, we've seen a decline to-date = -2.25%, into a pullback low = 5146.06 (backside of broken pitch). With today's -110pts decline in futures following CPI, we should be well on our way to initial attractions = 5125 / 5100 in CASH. Overall downside scope in the pullback = -10% to -14% from the high (1 to 3 months).
Beautiful final 3-4-5 progression as outlined in the #SP500 $SPX, with 5260 +/- 10 area resistance successfully capping upside / strength. From the 5264.85 high, we've seen a decline to-date = -2.25%, into a pullback low = 5146.06 (backside of broken pitch). With today's -110pts decline in futures following CPI, we should be well on our way to initial attractions = 5125 / 5100 in CASH. Overall downside scope in the pullback = -10% to -14% from the high (1 to 3 months).
@eWavePilot how do you make a wave 1 and 2 of the mess of price action, it looks like corrective more than anything to me
@eWavePilot Do you have an SPX update Bennett? Great work!
