S&P 500 - Still flirting with correction

10 thg 12, 2020

My bearish theory of a major Wave B correction is still hang on. That correction today pulled the S&P back under the 1.236 fib and inside the down channel. Are we going to see some more drop tomorrow. Market likes to make its moves on Thursdays.



Dow Jones showing rising wedge also.


NASDAQ

10 thg 12, 2020

Ghi chú

Looking weak this morning. Inside the down channel and right at or slightly below he rising wedge bottom.

10 thg 12, 2020

Ghi chú

9:20 am and still dropping. Here is my guess for the next day or so.