its possible to count impulse waves on the SP500 as indicated with the numbers in my chart. However, almost all patterns are really just single, double or triple zigzags as I mentioned in my previous post…therefore, I am preferring to use the zigzag for this analysis. Additionally, we are a convergence of many supports…I indicated just a few…and they all come in around these levels…if this support area goes…its not going to pretty. I also included a possible double zigzag scenario which essentially will also satify the traditionalist impulse wave view...
I use Multicharts Charting and Backtesting Software.
I post high resolution charts made with Multicharts and Adobe Illustrator. Click on chart for a more detailled view.
If you do wish to contact me or have any questions you can do so at m3analytics@gmail.com
This is the End and a New Beginning
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I've been thinking about this for some time.
After 21 years of writing this blog almost daily, I've decided to stop
writing the daily updates on the blog.
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