Wednesday, January 6, 2021

Wednesday Update (1/6/21)

[EOD] - 

Reaction at the gray line.  Looks like a small-degree five-down, pending morphing if it wishes to be.


[1250PM NYSE] - 

Cash makes another ATH, futures is very close.  Now tracking the blue C to wrap up the blue (Z).


 
 

[1030AM NYSE] - 

SPX cash is now at the upper gray line.  If the green C is playing out, the following chart shows a potential five-down and three-up.  Otherwise, monitoring the blue C. 





 


4 comments:

  1. Thanks for the regular update. I watch the charts daily.

    ReplyDelete
  2. Thank you for the update!!

    Completing the blue (Z) will mark as end of rally from Mar low?

    ReplyDelete
    Replies
    1. It has the potential to do so - always prudent to keep other possibilities in mind at the same time. See this potential larger structure
      https://1.bp.blogspot.com/--oAJ9B0DcNw/X9Poahd69YI/AAAAAAAAmok/VXsGvXSUDmAp5h0lnSwQ0aJC3G3bplQYQCLcBGAsYHQ/s850/SPX-20201211m.png

      Delete