WallStScalper

Caught in the middle

INDEX:SPX   S&P 500 Index
546 20 7
Decision time SP             is at a junction
i HERE A LOT OF INVESTOR AND TRADERS SAY THIS IS A MINOR SELL-OFF AND I WANT TO TELL ALL OF YOU THERE WRONG. THE MAJOR SELL OFF HAS ALREADY BEGUN. THE S&P 500 HAS ALREADY FORMED A PERFECT MONTHLY WOLFE WAVE PATTERN WHICH IS IN STAGE 5 EXTREME, WHILE MOMENTUM HAS ALREADY TURN DOWNWARD. THE MARKET WILL NOT ADVANCE SIGNIFICANTLY ANY FURTHER. THE DECLINE WILL DROP TO THE 700 TO 600 AREA. SO ANY ONE HOLDING STOCKS OR INDEXES FOR THE LONG HAUL ARE GOING TO LOOSE GREATLY. CHECK OUT THE WOLFE WAVE PATTERN.
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Great work BM
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Went over your target. Where do you see the S&P going by the end of the month?
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WallStScalper PRO QuantitativeExhaustion
I like this level and your DJT Chart
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snapshot
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QuantitativeExhaustion QuantitativeExhaustion
overbought... could go up but not much more
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QuantitativeExhaustion QuantitativeExhaustion
VIX overbought... could go up but not much more
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WallStScalper PRO QuantitativeExhaustion
Ya! I agree!
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I'm going to study the VIX historical again... seems something is not right here... I think it's readying a crash
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