Friday, February 28, 2020

Friday Update (2/28/20)

[EOD Update]
Still tracking and still going...



[Intraday Update - 12PM EST]
Minor tweak to yesterday's squiggle tracking count.  The question is whether the decline so far is a single large impulse ave down or two legs down.  Here is a tracking count on a single large impulse wave down on SPX cash  (which lacks the extra volatility/waves present in ES).

The potential wave [4] invalidates at overlap with wave [1].  Potential triangle to alternate with [2].  Potential [5] is limited in size  as  [1] has extended.

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