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Indice S&P 500

S&P 500 - Still flirting with correction

Par Dr_Roboto
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My bearish theory of a major Wave B correction is still hang on. That correction today pulled the S&P back under the 1.236 fib and inside the down channel. Are we going to see some more drop tomorrow. Market likes to make its moves on Thursdays.

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Dow Jones showing rising wedge also.
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NASDAQ
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Note
Looking weak this morning. Inside the down channel and right at or slightly below he rising wedge bottom.
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Note
9:20 am and still dropping. Here is my guess for the next day or so.

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Chart PatternsDJIIVVNASDAQ 100 CFDSPX (S&P 500 Index)SPDR S&P 500 ETF (SPY) Trend AnalysisWave Analysis
Dr_Roboto

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