wakeup wednesday, page-103

This is a simple EW count of SPX.

It suggests new lows complete a C and the downside is finished or it completes 3 which means a bounce and more downside and then a big rally and then much more downside.

Any leg can subdivide and so even a final C here can be extended.

That's where watching for overlaps etc come in.

EW is interesting but always best defined after the event :-).

And how many times do you see failures to complete these days. Have to fool the masses don't we.