wednesday wonderwall waterfall, page-108

Aksier

Good observation!

40 point discount is looking like some sort of capitulation.

So is it a one dayer or more.

I have 3 day dynamics saying tonight/tomorrow is SPI 4184 which is what my Fibs were saying.

Both include SYCOM session.

My best guess is a sharp sell off tonight to achieve that target or near about and a big reversal but may just be a one day wonder. Maybe it goes the other way and we get the bounce and then the decline but the former makes more sense.

I do have to add that I have some other measures showing an extreme at both lows and highs in recent times, but it is always dangerous to just consult recent parameters and consider them the extreme.