Jan 7, 2016

SPX

Looks like another 5 waves lower to me and the whole move from the top like a-b-c....

I do not know what kind of pattern this is... I know it is a very ugly thing:)
- very bearish - some ugly 1-2 1-2 1-2.... I doubt it
- "less bearish" (red) - some ugly diagonal, we have now 5 waves lower. Retracement to the resistance level expected.
- bullish(green) - ugly double zig-zag the W-X-Y on the chart.

Waiting to see what will happen in the next few days...
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1 comment:

  1. AnonymousJan 17, 2016, 8:49:00 AM

    Thanks for your analysis Krasi. Any thoughts on EEM and FXI? What kind of bounce do you see for those two? Thanks again.

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