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.
Blue W-B Extended (1) at the open, SPX spiked over the black dotted line--the 4385-4390 zone I have marked from the 4328 low. (2) the most bearish [bear nest] scenario was invalidated & the EWT count would be THE FLAT W-B being extended with an EED w-c. (3) it would end at 4460+
The Flat B: (1) See the following chart on Oct. 7 for reference for the FLAT B. (2) what happened here, as I see it, is that the purple w(c) didn't gather enough momentum to hit the 4465 zone, a request for a FLAT; (3) so, after a big retrace, it spiked higher to get there again.