S&P 500

30 Oct 2018 ‚óŹ 11:50 AM

The S&P and Dow indices have reached the point where wave 5=3, I have only seen that in the Sensex in the crash of May 2006. So it is rare. On the chart of the S&P below this level coincides with the wave 4 low or end point of the wave 4 triangle. At 2594 this looks like a good level close to which we should hold for a while. The wave 4 level is always a pivot of importance.

snp 301018

The Dow on similar grounds 5=3 reached but just above the previous swing.


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