Friday, August 17, 2018

MTU Weekend Ed. - Structure (8/17/18)

SPX weekly chart continue to present a potential bear flag (red/blue) or a weak wave 5 (green).

Since INDU made a minor higher high on Friday, SPX may be finishing a small-degree wave C or wave five [green] whose minimum requirement (higher than wave A) has already been met.

On its own structure, SPX presents a potential head-and-shoulders bearish structure and a potential bullish triangle.
 

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