I’m not sure about the pattern in the S&P 500 today. I can make the case for three waves up in futures which would make this a (B) of [B] high. I could also squint and call this an impulse up in SPX from the low last week and hence wave [A]. In some ways, it is just an academic exercise in that the next expected move is lower, but there would be differe…
Keep reading with a 7-day free trial
Subscribe to Trading On The Mark to keep reading this post and get 7 days of free access to the full post archives.