1698 SPX was the LIS. It got to 1697.10 and now taken off.
One has to assume that for now 1698 held.
That leaves a real quandary now in that
- Was that the first test?
- Is a low in already and now it can take off up?
- So was all this quads crook oe and todays WNER fun and games for them
I am somewhat confused. Not normal for me as I nearly always have a plan but this action is confusing.
Personally I will be surprised if the low is in and I think this is just a minor correction of recent fall from highs of 1726.75
Plan your trade, trade your plan!