Tuesday, 11 December 2018

S&P Futures Index

The A-wave of the (C)-leg of the S&P futures 2-hour chart has apparently revealed itself by stomping on the lower channel boundary and assaulting the long term support in a display of temperament. This violence has generated a positive divergence. 

The resulting (B)-wave is a zigzag. A bounce is expected to bring some relief for Christmas. Alas the (C)-wave of Primary [2] would appear to be incomplete.

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