Wednesday, February 3, 2021

SPX Update: Decision Time

SPX has continued to bounce from the gray inflection zone called out on Friday:

If this decline is to become (at least) two-legged, then bears need to do something soon.  Because my comments in the prior update were a bit heavy for some, I also want to note that even if it does form another decline, that decline could still be wave C of 4... and even if it doesn't there is always the possibility of an extended fifth rally (as I've discussed many times previously).  Trade safe.

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