I don't think the C wave is done. On the sell off today the RSI on smaller time frames is already showing hidden bull divergences. Down to 3880 to touch the pitchfork fib would be my guess, but recovery and rally tomorrow either into FOMC or as a reaction to it to finish the C wave makes most sense. Under 3850 and the idea is wrong and we're probably going lower. Good luck
Comentário:
support level reached, may spike through it. Objective long for a small trade.
Comentário:
SPY at support expect a bounce, maybe a triangle until tomorrow
Comentário:
buyers stepping in, fast moves down often are C waves.
Comentário:
SPY daily BB at 393, I think it will get there tomorrow
