The EWI guys figured the 50% retracement of wave 3 at the area surrounding 1228, where I figured 1223. Either way, the SP500 index spent about 25 minutes this morning above 1228, and even spent 3 minutes marginally above 1230. From then until now - about 1:45 - it's been at 1223 give or take 3 points. So far, this has been a very uneventful - shall I say sideways - day. Unless something interesting happens in the next couple of hours, I'm not going to bother with a chart.
Update: Nothing interesting happened.
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Friday, November 8, 2024, David Alfred Bywaters
17 hours ago
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