Reversed 5 th wave

rew 5


The slim chance, macd Count spx 60 min


Attempting to find a 2 abc Down in the macd chop. As you can see there is still a possibility that Friday was the bottom. It surprised me that the macd dipped Down and if this Count is negated macd could dip Down to minus 10. Lets see what happens.


Rut, considerations


As Intermediate Wave or x-Wave is following the roman numerals W 1, there are several valid Counts. Here i have denoted the X-wave as an abc correction leading into the roman numerals W-2. Thereafter its either roman numerals first of 3 or 2nd of 3 leading into the abcde correction going flat. As you can see I have added a red bar at the end to finalize where the e-wave may end. That is if the tail bar does not invert in which case we dont have to decline further than we did at 134,7. Yes still some ambivalence until we finally ascend.