Wednesday, April 13, 2022

SPX Update

Yesterday, SPX briefly tagged the KO level, but immediately reversed and closed above.  As I mentioned a few updates ago, there is the potential of an ending diagonal C-wave, so this isn't a clear killer just yet.  

If there's a sustained breakdown at yesterday's low, then the standing alternate count will move into the preferred position:

Also, I ended up needing to do some running around yesterday, and thus am still working on the more detailed update I referenced on Monday.  I may attempt to complete it this weekend (Friday is Good Friday).  Have a Happy Easter, and trade safe.

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