Monday, October 18, 2021

SPX Update: ...with the addition of a surprise...

Not much to add to Friday's update, except to note that the market reached the minimum price zone for a C-wave, which means it does now have a couple additional options here... neither of those additional options are terribly predictable, though, so we have to file them under "Just Things to Be Aware Of" right now:

In conclusion, the only noteworthy thing to add since Friday's update is the mention that SPX did break the old presumed A-wave high (the minimum upside price target for a C-wave), which does at least open the possibilities of a surprise from the market here, as noted on the chart annotation.  Trade safe.

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