標準普爾500指數

Are We finally ending Minor Wave 1 Today

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The data has been all over the place with the volatility.

Are we in Intermediate wave 5? I think so

Are we in Minor wave 2? I thought so, but the wave cycles were not clean.

Are we in Minor wave 1? This is my thought today.

If we really are in Minor wave 1, I assess we are at the end of it. The shock drop the other day on President Trump's tweet would make for a Minuette 4 instead of any larger wave. I assess this to be the case because it was took sharp and quick to have been a larger wave. With that said I am projecting the potential end of Minor wave 1 this morning. I have indicating the rough timeframe with the vertical dashed white line.

I have placed 4 potential reversal levels and the reasoning behind each level. The top level was an original top, but I do not see a solid reason for this to be the resistance as of now.

Sit back and enjoy. Projecting drop today through tomorrow?

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