SPX HAS TESTED 2773 WHICH IS 62% FROM 3138-2182 AND IT IS ALSO AN 127% EXTENSION OF 2182-2641.
2182-2641=A, 2641-2431=B, 2431-2773=C?, 2431-2534=1, 2534-2455=2, 2455-2753=3, 2753-2624=4, 2624-2773=5?
if 2624-2773 is only the 1st of the 5th wave and it is extending then 2720-2700 =support or 2665-2645 these 2 support zones should hold for an extension higher to price levels 2840-2890.
caution required for now, retest of 2773 and break out above probable,however lower support 2720-2700 & 2664-2645 required to hold to validate upside, break below 2665 then 2630-2600 to lower levels in progress.
2182-2641=A, 2641-2431=B, 2431-2773=C?, 2431-2534=1, 2534-2455=2, 2455-2753=3, 2753-2624=4, 2624-2773=5?
if 2624-2773 is only the 1st of the 5th wave and it is extending then 2720-2700 =support or 2665-2645 these 2 support zones should hold for an extension higher to price levels 2840-2890.
caution required for now, retest of 2773 and break out above probable,however lower support 2720-2700 & 2664-2645 required to hold to validate upside, break below 2665 then 2630-2600 to lower levels in progress.
評論:
There are multiple patterns in progress, unless key support levels are breached... the down side will become active in the meantime the upside is still in progress...
