10.12 – 2008, US Market Closed
Unfortunately, I accidently just noticed 60 minutes data pattern looks very much of it > Bear Diagonal…
If it´s going to retrace, size is 80 points. SPX 808 is 61.8% retracement for this pattern. 830 is 50%.
Very different view what I been looking at so far as A-B-C reactionary upwave, but if you look this particular shot again, it could be easily be also fully impulse which has ran it´s cource allready. W3 could fit previous top, as well as then a-b-c with W4 down, and finally last W5 up.
