Neilbob
Short

SPX updated chart ABC zig zag correction

SP:SPX   S&P 500 Index
update prior chart with more added. I'm in TVIX while this this wave plays out.
Nice, my count is similar to yours (especially looking at subwaves). Went short today near the end of the trading session expecting wave 4 to be done soon. Watching for wave 5 (of the larger 3) to initiate soon (hopefully sometime tomorrow 12/27/2018).
Similar principle but with the NDX. My B wave is a little different on this chart. I think yours is just as possible as the one I've drawn. We'll know when wave 5 of 5 completes.
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CryptoTA4U CryptoTA4U
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Neilbob CryptoTA4U
@CryptoTA4U, WOW love it. you really called that early.
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Neilbob CryptoTA4U
@CryptoTA4U, thank you. New to this site, love the work here, from you and others, its great, to see other views that I might miss cause of my bias.

IMO, the 4 is too steep to be all done, more wiggles in the next 2 days. But I could be wrong. My bias wants to be able to buy TVIX at a lower price since I took profit this morning. Lets hope.
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CryptoTA4U Neilbob
@Neilbob, Yeah, checking fib levels this evening, wave 1-2 ratio (wave 2 was just under a 50% retracement) and probably 3-4 ratio (wave 4 will might retrace just over 50%), I came up with this. We do not yet have a good B wave in this wave 4, so I'm thinking we start down tomorrow, then wave 4 ultimately terminates somewhere between 2510 and 2530. If we get a good B wave to start tomorrow, I'll probably close my short (hoping around 2420), then re-enter if SPX gets to 2520 (with a stop loss at 2586 or so as that would indicate the count is incorrect).
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Neilbob CryptoTA4U
@CryptoTA4U, yeah, thats close to what I was thinking.

call for help, do you know if anyone has a good count on CAT????
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CryptoTA4U Neilbob
@Neilbob, Sorry, not following CAT. Closed my SPX short around 2420 this morning. Watching for possible re-entry in next day or two if it goes higher.
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Neilbob CryptoTA4U
@CryptoTA4U,



for this count 2532 is invalidation.
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