FX:SPX500   S&P 500 index of US listed shares
225 14 2
BUYING THE DIP after an almost 100 handle deep 5 wave down !!
EW ma's 13 and 34 making a bull cross - might indicate a BTFD at red c. But also indicating that we might only see a corrective 3 wave move up.

If corrective 3 wave ABC up pans out it should be a 88.6 retrace.
(Making the right shoulder of an IHS             at orange B)

SP             did make a 5 wave down so a corrective 3 waves up making a wave 2 - could def. pan out

RSI has broken out above resistance but still in overbought area on the 4h chart.... have to show strength after having made the red abc retrace... but might be coming short an start showing divergens...

As always.... time will tell

@BLawrenceM

Music at work:
https://www.youtube.com/watch?v=BBMriOspUvA
https://www.youtube.com/watch?v=PukKW3gY4uo
Red abc about to pan out ...here's an update. (Have looked closer to the wave count and corrected the end point of the 3rd wave down)
snapshot
Reply
Above 1940 and resistance should be cleared:
snapshot
Reply
Taking the SPXU following the SP500 - it's a tug of war right here
snapshot
Reply
For the bullish move - Price need to take out purple ma
snapshot
Reply
Bulls really need to step up to the plate if the want a further ride up
snapshot
Reply
KevinT
2 years ago
https://www.youtube.com/watch?v=8iwBM_YB1sE
Reply
KevinT KevinT
2 years ago
Sooo exciting!!!!
Reply
Held the 38.2 fib retrace area making a strong case for a bull flag and further up side
snapshot
Reply
KevinT
2 years ago
I just see it finished 5 of bullish wolf wave on 5 min
Reply
WallStScalper PRO KevinT
2 years ago
But still have to fight the red channel... yes exciting...def.
snapshot
Reply
SPX (UPRO) forming an IHS... right at the open at neckline.
snapshot
Reply
1945 for the bullish move above neckline on ES making a 261.8 fib ext. Then a back test of broken neckline http://gyazo.com/5014ba5164bd416408b3c2417220e8c8.... but neckline has to break...of cause
Reply
WallStScalper PRO WallStScalper
2 years ago
$SPXU Step over the line a the neckline is broken in SPXU shs
snapshot
Reply
KevinT WallStScalper
2 years ago
Wow. SP500 Index closed the gap at 1962 and immediately went down. Dow ticked the low band of the gap and went down. 'Triggered' by Russian armed convoy news. What a coincidence. Hmmm.....

Do you think your initial AB=CD still play out next week? I really lost my direction o.O
Reply
Ideas Scripts Chart
United States
United Kingdom
India
España
France
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 Account and Billing Sign Out