![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhXKPbv9qUTNxifFMrjcz6rrRT_OxznXbytv50TfiNT3v4YYM0Yo53w82qkGMp3Bb4_l6w165g_jD8VpX0MOrdBNvu0nG1RzGGsz-2ZF-r-R7jRHk4ZNl4ClkoZqnk1bCHQUVm59hjH1-Mi/s320/graphxoutput.png)
Projected into tomorrow, some very short duration trendlines generated from last Thursday's crash will be encountered, so if the rally is to end (and I think it will) we should be about through it now...
As such, it looks like this rally is probably a 'B' wave, and the coming 'C' wave should be roughly equal to the 'A' wave, by Fibonacci methods. That would put the S&P down to around 1016 or so, which would put it just below the next support exponential trendline. Looks about right...
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