Bears need to defend 1343.47 to maintain the fall from 1374.81 impulsive

The yesterday's bounce from 1325.41 was a bit strong that made a price overlap and because of this, I think wave iii was not seen.
The yesterday's low at 1325.41 seems just the end of the first wave i within wave (3). We may be in wave ii and we might see its final stages within the anticipating channel (yellow). I expect wave ii to end somewhere below 1343.47. 
With this reading the bounce from yesterday's low 1325.41 would end at around 1343.47 before a resumption of decline to form wave iii of (3).

SPX daily indicators 
4/4 indicators has confirmed a down trend. 

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