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hardnox
Advisor

Hooker pattern sighted

on the index charts.

 

"No visible means of support."

2 Replies
basset&co
Senior Contributor

Re: Hooker pattern sighted

You children forgot the peaks and valleys rhythm of 3's...prove otherwise...

hardnox
Advisor

Re: Hooker pattern sighted

Yeah, there is a potential but unconfirmed 5 wave Elliot sequence (3 in the direction of trend) but that would call for an upside correction, not an end to the decline.

 

200 dma did catch the SPX, which make sense, for now.