S&P 500

26 Oct 2018 ‚óŹ 04:19 AM

S&P 500 wave counts from the top in the ending diagonal that marked wave 5 top. We look like we have a 5 wave decline where wave 5 is an expanding triangle so far.

snp 261018

The daily chart can look a little different like this where wave 5 may have ended at the Sept top and then we have 5 waves down and a positive RSI divergence overnight. Yes this is the last place where we can still do this after that it is an extension lower as it appears in many EMs/Asia this morning.

snp 261018a

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