Saturday, February 11, 2017

MTU Weekend Ed. - 7 Gaps and 11 Waves (2/10/17 close)

From the Nov 4, 2016 low in SPX, this post-election rally now boasts 7 unfilled upward gaps (Chart 1). Futures (Chart 2) appears to offer the cleanest tracking, with its 11 waves to date.

[green] impulse wave. Wave 5 is extending, now at its wave[iii]-up. Or wave 4 is a flat and wave 5 is concluding.

[blue] impulse wave. Wave 5 is an expanding EDT, completing. Or wave 4 is a flat and wave 5 is at its wave [iii]-up.

[red] corrective wave. Wave C is an expanding EDT, completing.




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