morning ~
spy added a bit more complexity into this count
looks like we're going to be playing out an even longer correction than originally anticipated - this could be really good for those with a strategic plan - but definitely not a good sign for the perma bulls\bears.
more pain ahead of us, before we see any clean moves to the upside. (another 1-2 months perhaps).
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after a clean 5 wave move down overnight, spy looks to have bottomed at the -0.236 w5 algo target.
i do think it's only a Wave A though, and Wave B takes us up 4690 before another leg down into Wave C to make a new low in this local range.
That wave C dip will be for buying, as the next move up will be a pretty big one
spy added a bit more complexity into this count
looks like we're going to be playing out an even longer correction than originally anticipated - this could be really good for those with a strategic plan - but definitely not a good sign for the perma bulls\bears.
more pain ahead of us, before we see any clean moves to the upside. (another 1-2 months perhaps).
----
after a clean 5 wave move down overnight, spy looks to have bottomed at the -0.236 w5 algo target.
i do think it's only a Wave A though, and Wave B takes us up 4690 before another leg down into Wave C to make a new low in this local range.
That wave C dip will be for buying, as the next move up will be a pretty big one
Comment:
Btw, if it just keeps dumping from here, we are likely going to 4500 via: www.tradingview.com/...4rfE-es-1-11-update/