Indexes: Dow - no new high today; S&P500 new high, NQ futures new high
Added a new potential wedge line to the ES E-Mini S&P500 Futures 4-Hr Chart, below.
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| ES E-Mini S&P500 Futures 4-Hr Chart : New Potential Wedge Line Added |
There's a good possibility the market will finish a fourth wave lower tomorrow which would be c of (iv) in the above chart.
The Dow's count remains in a "b" wave, as below.
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| DJIA Cash - 4 Hr Chart - Still in b Wave Lower |
Today's S&P500 Cash Index high was less than one full point from the 1.618 Fibonacci extension we showed in the weekend video. As Dirty Harry used to say, "are you feeling lucky, punk?" If you are, it's OK. Just watch things closely.
Have a very good start to your evening.
TraderJoe
A recognised market timer foresees a possible important top/turn of market for the next Monday 24th. Do you think that there is enough time to finish the count?. Many thank you.
ReplyDeleteOff course, we are talking about the (v) of 3 top, not a major top (v) of 5.
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