captain_smollett

SPX500. A wave count for a big wave 3

FX:SPX500   S&P 500 Index
My own wave count for a big wave 3 in SPX500             . Used some of them for trading, missed the other ones.... However, I´m trying to long/short intraday before we see 2600 from where I will start to accumulate mid-term shorts

P.S. Not a trading idea, just an analysis. If you pretend to use this for trading, please mind you do it on your own risk
Comment: Swing day for a beginning of a final impulse up, a Wave 5. First target of 2606 is there but I think we should get to a top cluster of 2620-2640
Comment: It was too early to claim a swing day, sad but true...

US30 rejected the bullish scenario and started a new correction hich should bring the price to around 23100 levels. Therefore, Wave 4 not yet over and we have to wait... or join the bear party

Comment:

After a massive burn of bearish stops, US30 found itself at around 24200 levels which were my projected target for Wave 5 in 3. Despite starting a new wave up with a zigzag....

However, we have a bearish impulse down on 5 min chart. Let´s hope this is a beginning of something really important. And nasty!
Your wave counts seem run to the very end. You must feel differently with my inputs! Cheers wave trader!
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