11/19/2018 – revisiting this pattern from the end of October. The levels indicated have NOT been hit so, believe it or not, this is ‘standard’ corrective move in the NYSE Index since 2009. Thus far, every major correction has been the dashed red arrows.
also, we have polarity support area and then we have all kinds of ratio’s coming together – along w/ a BUNCH of projections. so, this area is VERY important. Remember, if we try to filter out the noise and the trend is your friend until the end then WE HAVE TO BUY this level .. perhaps wait for a Signal Reversal Candle but at a minimum believe this is the most crucial support area in 2018.
again, this level hasn’t even been tested yet, so hold on to your hats and everyone just chill … let me know if you have any questions.
note, another lower level has 3 ratio’s coming in (highlighted red) so if we lose the blue, the red is pretty reasonable area for the next target.