dryanhawley
Long

Follow Up: The Bullish View 5th Ewave UP

FX:SPX500   S&P 500 index of US listed shares
194 2 1
Yes this is not a popular view right now, in the Idea Stream (although popular in the room I trade in). My previous chart showed how early in Obama's reign we got a strong, complex wave 2, and this last year we got a wave 4 that is a simple ABC. Everyone here, in Idea Stream thinks we will go down next, and that is Bullish .

We may go down because of recent news, we may go down as I have predicted months ago because summer is known for corrections... But the movements over longer timeframes are Bullish .

I am also long the VIX             , and GOLD             to save my account if I'm wrong about the Elliot Waves, longterm being Bullish .

We are above all the EMA's and the Ichimoku clouds , breaking through the Bollinger bands in some timeframes.
VIX is in the basement and, unless history is repealed, should move up making it a solid trade. Might do the same.
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KenzoMorsa
8 months ago
End target 2209 for 5th wave? Do you see correction down in the short term?
I'm long VIX aswel, bought calls at 12.68 i think.
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