of stock market psychology
Looking at the wedge breakdown in April, we retraced 29 SPX points to give the 'kiss of death' to the underside of the wedge, then crashed.This time round, the 'kiss of death' could come at 1220?Wishful thinking no doubt.
SteveIt looks like we are at the end of a wave 2 bear count or B bull count so we should go down in either a 3 wave bear count or C wave bull count to about 1057? Of course if we brake above a 100% retracement 1108 then both of these counts are invalid. Jack C
SteveTypo's, down to 1157 and 100% retracement 1208.Jack C