FX:SPX500   S&P 500 index of US listed shares
97 2 1
The impulsive rally this week hit Fibonnacci pinball targets at every degree, suggesting a new impulse in wave iii             of 3 of (5) has increased in probability. I'm already long, and will be a buyer in the 2050 region. Below 2035 will have me on alert for the alternate deeper wave 2, and below 2001 it's a strong probability. See larger time frames for more detail on the yellow alt count.

Positioning: I bought SPX             (well - it's equivalent) on Monday's close in my Long Term account. Had some lotto shorts this week that expired worthless in my trading account.

Related Ideas

Looks like minute wave i may extend here. The red waves look more distinctive in the cash chart, SPY for example. Where I'd labeled green wave i looks like only 3 waves up on SPY.
snapshot
Reply
Outside chance this is an expanded b-wave, but more than likely headed up in red wave (v) of alt i to test ATH. Over 2185 would be a very bullish indication that 2500+ is coming up. See my daily ideas.
snapshot
Reply
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out