S&P at an Inflection Point

We are likely within 48 hours of confirming which pattern will play out on the E-mini S&P 500 futures. Out of the two patterns we have been watching for some time, it will be either be the purple ending triangle or the impulsive standard five-wave (c) wave. So how will we know?

Well, let's start by looking at the three-minute chart (scroll down for the link). As you can see, the first drop really looks like a three-wave event. Although one can make the argument that there is a fourth wave in there, it ideally looks like a three-wave event. So we'll be using Fibonacci Pinball to confirm this....389 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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