AndreLuis

AndreLuis

Potential short-term bounce.

AndreLuis

Major Correction targets (estimate)

AndreLuis

Potential buy @1100 (Cypher PRZ)

AndreLuis

SPX500 "D" completion point in place, despite deep "C" retracement.

AndreLuis

Since D point (W), multiple ABCD witihn ABCD have performed. Last 100% symetry point is 46040 aprox., giving the price a potential point back to retracements (Blue and Green).

AndreLuis

So far, the long term Weekly chart indicates maintenance of the short position. Price action is now far from D point (short entry postions) so profits should have been taken along the way and protective stops should be now placed "tight".

AndreLuis

DAILY BAT PATTERN COMPLETION - KEEP TRACK OF PRICE ACTION AT PRZ