Saturday, August 20, 2022

MTU Weekend Ed - Reaction (8/19/22 close)

SPX peaked and SMA200 and is now retesting a prior resistance zone, now potential support.

The blue count (ABC up) anticipates at least a deep, if not an entire retrace. 

The bullish count have the high as the top of a 3rd wave or wave 1 or a 3rd wave, implying different retrace amounts.  

 




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