The journey to 408, and the psychology behind it.

For starters, spy hit my target perfectly from yesterdays post:

Secondly, we are in the midst of finishing the final wave 5 structure on the largest possible degree (dating back to the 1800's.
Currently I have this 5 ending at 4083.50, but I wasn't sure how we would get there until today.

>Sub-wave 3 impulses out of the rising wedge which spy has formed since September.
>Dumps it into 3\19, but not as deep as everyone expects it to (bear trap)
>Has one more final false breakout to trap the last of the bulls (bull trap)
>Then we drop to 250 based on my good friends prediction here:

I 110% expect a lot more bull \ bear traps along the way, and it is not going to be a smooth ride, but the numbers all check out perfectly.

Be cautious, and as always, trade safely.

💸

Trade active:

Went slightly lower than expected, but nothing was violated. We're still game on this trade.

I'm swinging some SPXL \ TQQQ overnight (wish me luck 😅)

Trade closed: stop reached:

well this idea flopped :,)

market maker wins again