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Sunday, September 11, 2022
MTU Weekend Ed. - 2/4 line (9/9/22 close)
SPX has been respecting the tentative wave 2 - wave 4 line (Chart 1 & 2)
Reactions near the prior HS neckline and the previous support/resistance zone will be informative (Chart 3)
Note that chart 2 shows 3 red candle down plus a weak rally candle from the peak, the first time since 2007-08. All previous declines since 2009 low have only showed 2 red candles.
Note that chart 2 shows 3 red candle down plus a weak rally candle from the peak, the first time since 2007-08. All previous declines since 2009 low have only showed 2 red candles.
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