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.
So far so good: (1) a sharp w-4 retrace to hit 4400 zone, actually 4395, the 50% level to be exact; (2) then, a 50-point drop after this--though w-4 may not be done yet; a double retrace to 4417 is still doable, if not today, then tmrw. (3) the gap won't be closed this time, IMO.
Unfinished W-4: (1) The range bound between 4395 and 4344 today is best counted as w-b of a zigzag W-4, with w-c to come tomorrow to 4400-4418, most likely around FED presser. (2) if the rebound runs higher than 4420, then the down draft from 4545 starts to look corrective (low chance)