SPX 195 Minute Wave Count

By bTindle
تم تحديثه
Very clear ABCDE in the 4th, with near perfect alternating .618 relationships. B vs D was near perfection, while A vs C was a bit off, although not surprising given we anticipated the larger support/reversal to come at the daily 200 moving average on that move. Expecting a diagonal 5th here, and will update with a potential sub-wave count.

Also based on this wave 1 count, our wave 3 1.618 relationship put us at 2799, while we had 2790 on that move. The previous daily bullish wave count I had has been invalidated this week.

Likely divergence and test of the daily 200 moving average provided 2702 fib fails in the coming days!

Daily count is currently vague in my opinion, and very open to interpretation with as mentioned, our bullish count for 5 waves in the 3rd being invalidated.
تعليق
Also based on this wave 1 count, our wave 3 1.618 relationship put us at 2799, while we had 2790 on that move. The previous daily bullish wave count I had has been invalidated this week.
تعليق
At this rate, a likely test of the daily 200 moving average is in store depending on trade talk developments.
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