Big picture review

Has the big picture changed since last Friday's post? 

The above SPX Daily chart illustrates an Advanced GET set-up for a 100+ point SPX decline.  We have a measured 4th wave, an Elliott Oscillator almost to the zero line, a False Bar Stochastic about to flip over and prices into the Fibonacci reversal window.  A break now through the Trend Regression Channel coming up from the  "B" Wave low containing the "C" Wave advance will trigger the trade.

The market can keep advancing and cancel out this pattern, but it can also finally reverse and provide an excellent trade opportunity to the downside.  It should tip its hand in the next few days.


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NNVC

I sent this out to my subscribers yesterday, here it is with updated charts:

A couple of encouraging NNVC charts.  First, the 480 minute which is LONG.  This is an excellent proxy for the Daily chart, a little more sensitive and usually a precursor for the Daily Model flipping. Second, the Daily chart, which although still bearish, when looked at with the 480 minute chart, can be considered very much in Pending BUY mode.

And one more that I have been watching, for traders only, the NNVC Hourly Model:

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