mikeoakster

not going so low anymore?

FX:SPX500   Indeks S&P 500
If Minute wave c ends up being an expanding ending diagonal , it probably won't go as low as I was predicting, and, in that case, Intermediate wave 4 could have finished already at my proposed Minor wave Y, since which an ending diagonal could have been developing, having Minor wave 1 already finished and Minor wave 2 about to finish (if I'm counting Minuette wave 5 correctly, otherwise it could have finished already).

Targets for Minor wave 2 are in confluence at:
- 61,8% retracement of Minor wave 1, at 2135.5
- Equality between Minute wave a and Minute wave c, at 2135.6
- Minuette wave 5 = 1,618 x Minuette wave 3, at 2137.1
great EW analysis , that is exactly what i have been waiting for to happen,the 2 doesnt seem complete, will be seeing if diaganol continues to setup,
maybe it will still come on down to 2135 by friday-tuesday 12th.

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