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Saturday, October 14, 2017

Saturday, 10/14/17 update

Last week's action in the ES/SPX served to obscure more than illuminate.  It looks somewhat like an ending diagonal - upward sloping wedge kind of shape, so it could be a 5th wave as labeled in the chart.  If not then it's a "b" wave of an expanded flat.  Either way the indications are to expect a down stroke in prices in the next day or two.  If selling does materialize the other message from the current EW count is that it should be a very short lived correction.  BTFD baby. NOT TRADING ADVICE

NOTE: dotted lines show potential EW structures and are not necessarily accurate price/time forecasts   
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