WallStScalper
Short

Broken Arrow Still "Young & Foolish". "Until June"' Is Over

FX:SPX500   S&P 500 index of US listed shares
This EW count is a bearish argument for the ED Broken Arrow first wave down

This count also support my chart : One More Day But SP             Still Looks MISERABLE At The End Of The Day showing a SHS             in spe
and the chart: Last Call B4 Broken Arrow. (See links below).

I see the choppy moves are due to remaining bulls still buying the deep. Can't blame them - but playing with fire.
This is a bearish conservative count... meaning that I believe that the SP             will make a stop at the 200 sma .

But I can also see a much more violent move down, but SP             is in the early stages of the correction/crash so one thing at a time!!
The SP             could be making a 3rd wave down to touch 2040 and end up at SHS             target around 2000. By then it will first be making the 5th wave low. Many options still on the table... so I stick with this one until price is giving more clues.

On the 4 hour chart ma100& 200 are on the battlefield fighting is out....with ma100 still under ma200

Daily 100MA comes in right now at 2091ish
Daily 200MA comes in right now at 2051ish

(See notations on chart for the epic battle of the 100 & 200 daily SMA .)

T.W.U.C
@BLawrenceM.

Follow me on Twitter for intraday updates and scalp plays..


Music at work:
https://www.youtube.com/watch?v=YQTg7P9NXy4&list=PLc01GB0uXHtyB-rUQPOXbizTT8VP4ZIRj&index=4
https://open.spotify.com/track/53cu8HPXzpRCCsObliVBqZ
Thanks for posting.
+1 Reply
NP U'r welcome ...Thx for making a comment :)
Reply
your a-c-e cap line seems to be holding & looks to be good place to short SP
+1 Reply
WallStScalper PRO CoolCreekCTA
It's chop zone . I have traded ES_F...(see twitter) but flat now. SPXU got a gap at 33.26 . Looking for possible fake break around FOMC to close gap and then down. The way I see it right now.... :)
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WallStScalper PRO WallStScalper
Clarifying: Down for SP and up SPXU.
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WallStScalper PRO WallStScalper
Seems like what happen :)
Reply
best play is preparing for a U.S. bond free fall , but it might go up ahead of the event
+1 Reply
WallStScalper PRO QuantitativeExhaustion
Yes before exhaling.. :)
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WallStScalper PRO QuantitativeExhaustion
Isn't it nice world's safe haven..US bonds ... When market crash... people flee to "safety" lol...and then they crash... Another way of erasing debt :) A subprime copycat!!
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You even mentioned Armstrong who also believes U.S. bond crash is coming
+1 Reply
WallStScalper PRO QuantitativeExhaustion
Nice being in zync @JR we see the same! :) ...or rather :(
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Nothin' really changed still short: https://twitter.com/BLawrenceM/status/611236773864325120
+1 Reply
Latest update https://twitter.com/BLawrenceM/status/611258027921043456
As written below..." ....SPXU got a gap at 33.26 . Looking for possible fake break around FOMC to close gap and then down. We seems to get that.
+1 Reply
AshYo WallStScalper
Is this braking the bearish zone?
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BTFD
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Both shoulders are not at the same lvl high and equal... let's see . 78,6 taken out so a test for the ATH is open... have to wait and see
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CoolCreekCTA WallStScalper
market holding level at junction point "a"; maybe a new count is developing
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