It might be time to repost this one. We are getting mighty close to 4467 and time is just about right, too.
samitrading
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@BlkGold, Hey buddy, just reposted it :-) . Glade you like it .
BlkGold
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@samitrading, SPX quietly hit your magic number of 4467 at 15 minutes into today's trading session. The rest of the trading session has been a Chinese water torture!
samitrading
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@BlkGold, Glade that one of my ideas actually work in this crazy market :-) . We could, if this is an actual diagonal, see a hard sell off stay nimble buddy.
BlkGold
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@samitrading, Yep, I liked the analysis from the beginning and I'm still watching SPX to see if we get a pullback. Keep up the good work.
@samitrading Check out the trend based fib from the lows of 03/25, the highs of 05/07, and the lows 05/12. 100% extension lands at 4461.72 (I'm using log btw).
samitrading
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@merkd1904, Yep buddy , we both have almost the same #s & if this turns to be an E. Diagonal we will see hard sell off do not think 1-5 % would be enough
we will probably have more than that only time will tell. The only thing holding me from calling a top here on tradingview is that i do not see any
catalyst for good pullback everything is just ready for reasonable pullback but not a catalyst to change the direction south.
merkd1904
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Wait, 4467 sticks out as a relatively important fb number for another reason as well but can’t remember which. When i get back to my laptop i’ll try and dig into it.
samitrading
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@merkd1904, Hey buddy, would love to see that as we are approaching an invalidation of Elliott and we go up or we get a good pullback next couple of weeks or so.