target met, now the morning low is the next point to watch.
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TWT wrote:SPX: Now I am looking at two potential EW options within the wave (B) off the September 14 high that are expected to establish a lower high (below the September 14 top)
1) Triple Zig Zag
2) Zig Zag with an Ending Diagonal
Don't see the ED on the ES chart but 1443 is definitely resistance-- that channel could be a big Bear Flag too
Could even overshoot to 1450
Last edited by toddymc on Tue Dec 11, 2012 4:22 pm, edited 1 time in total.
So far very ugly candles across the board, SPY with possible shooting star but still 40 mins to close
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Cobra wrote:target met, now the morning low is the next point to watch.
Nice call Cobra. On the longer hourly time frame are we possibly looking at 3 push up pattern from the Nov 16 low and maybe 2 legged down if retest of the high today fails?