SPX Running Triangle

This is the follow up to my post on the SPX Developing Impulse Wave from 2/11/16.

The sub waves of the supposed Minute wave "IV" Running Triangle are as follows.

(a) = 43.90
(b) = 67.40
(c) = 33.80
(d) = 21.90
(e) = 17.40

The Fibonacci relationships between the waves are as follows.
67.40(b)/43.90(a) = 1.53
33.80(c)/67.40(b) = .50
17.40(e)/33.80(c) = .514
21.90(d)/43.90(a) = .498
17.40(e)/43.90(a) = .396

The Fibonacci sub wave relationships of Minute wave "IV" support the proposition that the SPX is forming an Impulse wave from 2/11/16 and that Minor wave "3" is nearing completion.


Mark