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.
Two MAs: (1) While most traders watch MA-50 for reference, I find MA-55 is much more accurate--sometimes to the penny, to nail the high/low. (2) tmrw, MA55=4585 & MA50=4607 would be tested--given the internal wave structure, I bet it would get over 4585, but fail at 4607.
Triangle 4? (1) at 4531, SPX completed a zigzag corrective wave, whereas w-a=w-c. (2) it can thrust lower for a 5-wave impulsive wave, but not necessary--A, 12/20 is my cycle turn date; B, a zigzag corrective wave fits well with a triangle W-4. (3) A trip back to 4720 area is on.