On every trading day, after market closes, I would choose 10 best tweets from the Fintwit World and rank them on thoughtfulness of their ideas and informative of their charts. Please tweet your nominations for Top Ten Tweets (TTT) to my account @MasterPandaWu.
4604 is VERY important: (1) I listed three potential target for w-c of W-4, the lowest is 4604. SPX sliced through it in one slump. (2) the BIG RED Daily candle I was waiting for is here--though bigger than I thought. (3) if today's close < 4604, then say bye to the bull market.
Next 1 hour--Super Important: (1) on my 30-min SPX chart, I still have the parallel lines unchanged, with 4558 as a target if we got a sharp zigzag correction. (2) now, the only hope for bulls is that 4744-4590 leg is an Ending Diagonal w-c of FLAT W-4. (3) so, red line at 4604.
4604 LOST! (1) That is a paradigm shift for me, meaning, from this point on, all counts will be based on that "A BEAR MARKET HAS STARTED". (2) instead of a lousy w-b, the shaded area can be counted as W-5; and the expanding diagonal from 4744 to 4585, is LEADING, not ENDING. WOW