I count the wave 1 down for DJI at 11,182 and for SPX at 1188.11 with a wave 2 high of 1191.44. This keeps alive the possibility of a 3rd down until the wave 1 lows are violated.
Nice, Steve. I believe you are right that wave 2 ended up being a running correction (went beyond the end of wave 1) in both DJX and SPX. So yes, we still have the possibility of a 5th wave down, keeping the possibility alive that the recent high might have been THE top.
'course, the other way to count it is that today's low marked the end of 3 down, and we're now in a new move up. We should know which way it's going by end of day today.
Nice, Steve. I believe you are right that wave 2 ended up being a running correction (went beyond the end of wave 1) in both DJX and SPX. So yes, we still have the possibility of a 5th wave down, keeping the possibility alive that the recent high might have been THE top.
ReplyDelete'course, the other way to count it is that today's low marked the end of 3 down, and we're now in a new move up. We should know which way it's going by end of day today.