Posted this first target during the trading hours, we hit first target - 3650-60ES
Now if looking at EWT theory, we got 5 down, now need 3 up into 3705-25ES target and then we start a strong move down,
My first main target for the whole move down for this year is at low 3400, 3389SPX is where unfilled gap is.
Then second and it was ideal target for the low of the year is at 3212SPX, will be very close if we see 3400 soon.
- I do believe we hit 3212SPX at min this year
Since my few weeks ago update, I have lowered my ideal target to 28 handle, 2855SPX to be specific!
Now, if it really wants to extend, then my extended target is in 24 handle, 2410SPX if specific.
But this update is not a long term update, so watching the numbers for tomorrow.
There are some targets Im watching - 3685-3700SPX or my ES target for the wave 2 bounce at 3705-25ES.
If we get above today's highs, then 3800SPX will be still in play, lower odds imo.
Here is VIX chart, looking for 29 to hold. Interesting how its going down together with the market.
The world is upside down now, nothing makes sense:)
Please press that rocket button below, push this chart up for others to see.
Also feel free to share my charts with anyone, lets get 1k followers, means my work is important for others to see.
Now if looking at EWT theory, we got 5 down, now need 3 up into 3705-25ES target and then we start a strong move down,
My first main target for the whole move down for this year is at low 3400, 3389SPX is where unfilled gap is.
Then second and it was ideal target for the low of the year is at 3212SPX, will be very close if we see 3400 soon.
- I do believe we hit 3212SPX at min this year
Since my few weeks ago update, I have lowered my ideal target to 28 handle, 2855SPX to be specific!
Now, if it really wants to extend, then my extended target is in 24 handle, 2410SPX if specific.
But this update is not a long term update, so watching the numbers for tomorrow.
There are some targets Im watching - 3685-3700SPX or my ES target for the wave 2 bounce at 3705-25ES.
If we get above today's highs, then 3800SPX will be still in play, lower odds imo.
Here is VIX chart, looking for 29 to hold. Interesting how its going down together with the market.
The world is upside down now, nothing makes sense:)
Please press that rocket button below, push this chart up for others to see.
Also feel free to share my charts with anyone, lets get 1k followers, means my work is important for others to see.
I have a time window for the first good low on 21-24th, then a bounce to 27th and much lower into 31st-4th.
After we should see a strong rally, ideally after the midterms. Issue with that move up is it could be very short lived and we see lower into week of 21st of Nov.
Nov is a panic month! Expect unexpected