Get started
the_sunship

"B" wave almost finished - SPX500

Short
S&P 500 Index (EIGHTCAP:SPX500)  
the_sunship Updated   
EIGHTCAP:SPX500   S&P 500 Index
Technical Indicators Chart Patterns Wave Analysis SPX (S&P 500 Index) ES SPDR S&P 500 ETF (SPY)
11
4
indicator chartpattern waveanalysis spx es spy
If this is correct the B wave should finish today and then we go lower for a few weeks. This will be incorrect if they start getting over 3900. The Pitchfork fib is currently at around 3850 on this chart. Good luck!
Comment:
SPY close to it's pitchfork fib
snapshot
Comment:
horizontal resistance zone here
snapshot
Comment:
QQQ has now also reached it's fib target
snapshot
Comment:
BTC just lost it's support, no idea what's going on there but it may affect the markets more than people think
snapshot
Comment:
so far it looks like a rejection at fib line for SPY, SPX still needs to get under 3780 to be convincing
snapshot
Comment:
SPX trendline needs to break for a sell signal - not yet.
snapshot
Comment:
breaking trend. Any backtest of the trendline is an objective short with a stop above or near to the last high. Good luck
snapshot

Related Ideas

the_sunship
ES mini - Bias still up
the_sunship
ES mini - ABC with an unknown bias
the_sunship
Long SPX
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.