Follow up to my previous post when SPX topped, see link below.
The 9.618 extension is a very common Murder of Moves. It already rejected, and day after was Trump-China escalation. Thus the Gap down, which gave me another Impulse/fib to map.
Now I look for Confluences of the two Fibs pushing in opposite directions. Blue arrows are possibilities implying sooner the bounce, higher the low. One Trump Tweet could change it all, but I am doubting we have bottomed.
My previous Post raising alarms about the 9.618 top:
評論
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Got the bounce today as I thought we might now the bounce has reached resistance, and it is 2pm EST, a common time for reversals. Lets see how this plays out.