Not sure what to think of the drop in SPX yesterday. It may have been a wave ii though it was just short of better wave ii targets. It may be good enough though think it best to assume an attempt lower this morning before a rally attempt.
Yesterday the market rose straight up from the geometric support, the median on the Schiff channel up from February 2106, near 2322 SPX yesterday. Some retrace of that move up should be expected today as the down trend from early this month has yet to be decisively broken. Since the advance from the low yesterday […]