Hourly S&P Chart Shows

Discussion in 'Trading' started by waggie945, Aug 4, 2003.

  1. 5 waves down from the 1004 Highs on July 31st, culminating in today's low at 964.75

    The Wave 4 high that occurred in Globex today = 983.50
    Subtract 16.75 points ( this is the length of Wave 1 ) from 983.50 an dyou get a target for the end of Wave 5 at:

    966.75

    Today's actual low = 964.75

    Time to head back up.