Today 10/5/16 the SPX may have completed a Running Flat labeled as wave (II). In an Expanding Flat wave "C" exceeds the termination point of wave "A". In Running Flats wave "C" fails to exceed the termination point of wave "A". This pattern is rare and very bearish, it implies a very sharp decline in the SPX is imminent.
Mark
Komen
htgroup1
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Agreed. Also seeing the bottom channel trend line since 9/13 has been broken, and is now acting as resistance. Waiting for a bearish candle to enter TVIX and SQQQ.
flrtrader
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.43%? 10.54 down?
markrivest
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Hi flrtrader
When ever a stock or index symbol is in the post commentary section the Trade View site automatically places next to the symbol what the stock or index did on the prior trading day which in this case was up .43%.