Wednesday, August 25, 2021

SPX Update

On Monday, SPX made a new ATH, thus fulfilling the prediction for a complex iv:

Wave iv (not its real name) could, of course, become even more complex -- but that may have been enough chop for now.  A sustained breakout over black likely gets us to at least 4530-50, possibly much higher if 5 chooses to extend.

Bigger picture, no change, and red held the decline:

In conclusion, the prediction for a complex iv played out... barring the market adding another complex wave onto the existing correction, we could head higher, into the next target zone, over the coming sessions.  Trade safe.

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