When the SPX is correcting after a five wave sequence it typically corrects about 38.2% to 50.0% of the previous five waves.
38.2% is around 1010 on the SPX and 50% is 943. The odds are we will see it (the SPX) hit lower lows in the next few weeks, of course leading the XJO lower in the process. But I hope that I am wrong about that.
Cheers
mmm monday, page-20
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Last
7,699.8 |
Change
19.200(0.25%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 7,680.6 | 7,738.2 | 7,643.3 |
| XJO (ASX) Chart |