[Intraday update - 11am EST] As a follow up on yesterday's update - The drop from ATH could be counted as an impulse with an extended fifth wave. Some reaction at the red line looks probable. Note the near term positive divergence.
Tuesday, February 25, 2020
Tuesday Update (2/25/20)
[EOD update]
SPX has only minor and short-lived reaction at the red line. Extended fifth of the fifth on the way down.
Notably, the Dow has closed below its 200 SMA, and overlapped its Sep 2019 high (3021.99 equivalent in SPX).
[Intraday update - 11am EST] As a follow up on yesterday's update - The drop from ATH could be counted as an impulse with an extended fifth wave. Some reaction at the red line looks probable. Note the near term positive divergence.
[Intraday update - 11am EST] As a follow up on yesterday's update - The drop from ATH could be counted as an impulse with an extended fifth wave. Some reaction at the red line looks probable. Note the near term positive divergence.
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