This market feels like it is a bad acid trip.
When I look at the 5-wave move down on the SPX, INDU, NDX, RUT, COMPQ and I see overlaps between 4 and 1 on the last 3, but the pattern is very wedge-shaped on all, I tend to think it is a leading diagonal.
10:45 - Adding longer term chart to see wave size in context
1:30 - NDX and COMPQ count for Kevin
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1 year ago