If you're new to reading my posts or following me, you should probably read this 1st post (Click here to read 1st first) I put out to give you some context before reading further.
This morning I updated my followers and said.
"I would like to complete our 5th wave of minor sub wave iii today with a breach of the June Lows." (click to read that post)
We did breach the June lows today, but as you can see we just barley touched my target box minor sub wave iii, so it is possible we make one more low. But here's the whole point of this post tonight (because I'm in the midst of a Hurricane in Florida I can't leave my followers hanging) Todays high is extremely important to TRADERS. This morning I stated that all we have left is a series of waves 4 and 5's. (we have a minimum of 2 left maybe 3) each new low you see take place in the SP should have a corresponding wave 4 of larger degrees come into the area or slightly below todays high of day. So, If you're trading the SPX or ES Futures, when you see price go lower and make new lows you should expect price to eventually come back into the area of todays high or slightly lower. My target boxes are there for traders to trade against.
Lastly, I don't do timeframe. I have yet to find a trustworthy gauge of timing the market. Suffice to say, my feeling is this ultimate bottom may take until end of October and maybe even beginning of November. Therefore, our 80% trade may be pushed out by a week or two. Nonetheless, it will be 80% and the trade will conclude by May 2023. When I announce the trade you'll understand because of the guidelines...but I will reiterate, It will be 80% (not 79%) and the trade will conclude in May 2023 (Not first week of June). In fact, it will conclude on the last day of May 2023 to be exact.
I encourage you to stay tuned because these trades do not come along often. For traders like me who close their P&L's out each Month...this trade will make your P&L for the year. Ok now back to reality where I may lose my roof due to Category 4 hurricane winds.
Best to all,
Chris
This morning I updated my followers and said.
"I would like to complete our 5th wave of minor sub wave iii today with a breach of the June Lows." (click to read that post)
We did breach the June lows today, but as you can see we just barley touched my target box minor sub wave iii, so it is possible we make one more low. But here's the whole point of this post tonight (because I'm in the midst of a Hurricane in Florida I can't leave my followers hanging) Todays high is extremely important to TRADERS. This morning I stated that all we have left is a series of waves 4 and 5's. (we have a minimum of 2 left maybe 3) each new low you see take place in the SP should have a corresponding wave 4 of larger degrees come into the area or slightly below todays high of day. So, If you're trading the SPX or ES Futures, when you see price go lower and make new lows you should expect price to eventually come back into the area of todays high or slightly lower. My target boxes are there for traders to trade against.
Lastly, I don't do timeframe. I have yet to find a trustworthy gauge of timing the market. Suffice to say, my feeling is this ultimate bottom may take until end of October and maybe even beginning of November. Therefore, our 80% trade may be pushed out by a week or two. Nonetheless, it will be 80% and the trade will conclude by May 2023. When I announce the trade you'll understand because of the guidelines...but I will reiterate, It will be 80% (not 79%) and the trade will conclude in May 2023 (Not first week of June). In fact, it will conclude on the last day of May 2023 to be exact.
I encourage you to stay tuned because these trades do not come along often. For traders like me who close their P&L's out each Month...this trade will make your P&L for the year. Ok now back to reality where I may lose my roof due to Category 4 hurricane winds.
Best to all,
Chris
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