There is a possibility that Minor wave "4" bottomed on 3/22/17 at SPX 2336.50.
So far there has been very little sell off in US stocks from the failure to pass a health care bill.
That could change today.
The DAX which may have finished an Ending Diagonal Triangle at its last 2017 high has not declined much - which is unusual for a post EDT top.
The picture for US stocks may clear up after 3/24/17 trading.
Avoid adding new stock short positions
Use SPX 2361 as a stop loss for shorts.
Hold off on long positions until after 3/24/17.
I will have a post on the weekend showing SPX Fibonacci daily price/time relationships.
Mark
So far there has been very little sell off in US stocks from the failure to pass a health care bill.
That could change today.
The DAX which may have finished an Ending Diagonal Triangle at its last 2017 high has not declined much - which is unusual for a post EDT top.
The picture for US stocks may clear up after 3/24/17 trading.
Avoid adding new stock short positions
Use SPX 2361 as a stop loss for shorts.
Hold off on long positions until after 3/24/17.
I will have a post on the weekend showing SPX Fibonacci daily price/time relationships.
Mark