In the last S&P 500 update that I did (linked below) I layed out my EW count for you.
It unfolded pretty well since my then, we got the drop then bounce as expect (for the current waves A and B of the larger Z wave).
Quick recap: We are in a big triple three correction (3 zig zags, WXYXZ) and are now approaching our final wave down (the C leg of the Z wave)
Wave B seems to have completed today with a very ugly daily candle, in which case we are now staring the wave C and are ready to break the lows.
The invalidtion for this count is 4,325
Any questions?
Good luck traders
Remember not to break your rules
Habib
It unfolded pretty well since my then, we got the drop then bounce as expect (for the current waves A and B of the larger Z wave).
Quick recap: We are in a big triple three correction (3 zig zags, WXYXZ) and are now approaching our final wave down (the C leg of the Z wave)
Wave B seems to have completed today with a very ugly daily candle, in which case we are now staring the wave C and are ready to break the lows.
The invalidtion for this count is 4,325
Any questions?
Good luck traders
Remember not to break your rules
Habib
