SPX short term test ONLY – UPDATE 15 February – Highly probable d3 in


It is highly probable d3 has been made as prices have broken out of the triangle shown yesterday.

A break above the blue rectangle means yesterdays count is valid and c MF3 on yesterdays chart is the next target. A break below makes the POSSIBLE count valid. So decision time in no mans land! Like I said yesterday the risk reward ratio is far too low to be long here! A bounce off the POSSIBLE c012MLU is to be expected either way, thereby forming a triangle.

15 Feb SPX detail

 

If the top is in the target d4 is shown below.

 

15 Feb SPX d4 target

 

I hope you all enjoyed the drop in gold – I did! Expect a small bounce before the next drop.

Marc

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