Friday, May 14, 2021

MTU Weekend Ed. - Is it over yet? (5/14/21)

In SPX, (Y)-up we've been tracking could have ended at the current high - IF the final zigzag (z)-up is tiny as marked in blue.

Typically, it's likely that SPX is extending as suspected in the form of a larger triple zigzag as marked in purple.




SPX bounced off support and closed the week inside prior range, so did ES. 




1 comment:

  1. On chart 2 above (2020-curr) note that time period of wave blue C-W has just balanced out been past at recent peak in wave X-Y. Rule of thumb says watch this area.

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