The S&P 500 is putting stress on the idea of the lower degree fourth wave but still alive. We probably get 2748 to 2745 SPX tested early this morning. Under that area, I will probably be forced to change my EW count to either consider this decline as part of a larger fourth or perhaps a wave two. Will deal those possibilities after we see how they deal with support today.
You must be logged in as a Daily Analysis or Intraday Analysis subscriber to view the rest of this post.