40pts is my general rule of thumb and multiples of 40 pts for bigger moves on the SPX.
2126-40= 2086 = 2%
GOT to 2095 at 10:20, now looking for a rebound of at least 12pts = 38% of the 31pt drop.
YUP- just tagged 2107 and settled back- should peak out this afternoon between 1:40 and 2pm. Then settle back toward the 2090-2086 area for a completed wave.
THEN WHAT -
WANT TO SEE WHATS NEXT ??
OK I'll show you but dont expect this very often
BE AWARE & GET READY TO TRADE