60 min S&P futures 17 Oct thoughts

Friday's price action tagged hourly and daily resistance between 961 and 984 on the Dec S&P futures. The subsequent decline from this Fib resistance zone ended at a cluster of Fib support between 921 and 926.50.

Also from larger price swings - an hourly close beneath 912 should eventually target 831 to 777.

Chart attached

Regards,
Joe A

 

Nice chart

 

Had the same thought myself... 4th wave triangle.. ??

 

Just posted about this a half hour before you did.

http://elitetrader.com/vb/showthread.php?s=&postid=2129708#post2129708

Chart looks nice.

 

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