Mika_k

SPX ALL TIME HIGHS

Long
TVC:SPX   S&P 500 Index
Hey everyone, I'm back with another spy ta. If you got in my last one , I hope you are enjoying all of your profits, and if you didn't, don't worry about it, you can get in on this one ;). The play is as follows. We have just finished the 4th wave of the greater movement. The reason why I don't think we are going any lower is because the wave two retraced very deep, meaning that if we follow the guideline of alternation, we can assume that the wave 4 will not retrace as deep. I think that we will see the wave 5 hitting atleast 3600, but I expect it to hit around 3654 to maybe even the 3700 range. I hope this trade brings you some inside into the market during these uncertain times, and we'll be in touch again soon.

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