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Member’s Video for Tuesday, April 3rd, 2018
Well, sellers went at it again today and are really pushing the lower end of our C-wave of the higher degree triangle. In the end support held and I’m still following the triangle count, but not for too much lower.
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Todd, what happened to the MSFT butterfly? I am still in it. I also texted you on the alert account, I don’t know if you receive texts on that account.
Hey Todd. Hope you enjoyed your vacation in Ft. Lauderdale. I have some burning questions regarding SPX. First, I noticed on your the (BLUE) wave structure you indicated (C) wave to be located slightly above (A). According to Elliot wave theory the C wave should be lower (in down trend from (5)) than (A). But yours doesn’t because you mentioned about the ABC structure being a “Flat.” Why or how? I think that in order to confirm that it will be a “Flat” structure there must be a higher low from (C). In other words we have too wait for a swing low from the new high from (C). Also there must be a completed sub-5 wave structure from (C). Right? Thank you.