TheDragonFly
Short

Are you ready? The early bears were all dead, now panic time

FX:SPX500   S&P 500 index of US listed shares
205 6 2
After 5 washing cycles I think the early bears were dead or bleached white and become polar bears. I think we might have the big drops in coming days. Good time to become the new fresh bears.
Comment: It is taking more days than I initially anticipated. My TVIX will sure be happier tomorrow. Now how low will it goes? Will re-evaluate in few days after they are done with margin calls
Great visual. good work thanks.
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everyone now sees the top... too obvious now.
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Sir - if you are attempting Elliott Wave counting the chart above is incorrect. For one, you can't have the bottom of wave 4 close down below the top of wave 1.
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Sorry just simple L and H cycles of how many bears got washed out that is all.
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The bear will take rest tomorrow, RSI is pointing up in one hr chart. So take profit on your TVIX.
snapshot


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one more top... weekly no sell signal
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