This chart shows the possibility of wave 5 = wave 1.
The count between wave 3 and 4 has been tricky. However the ABC (shown here) explains that the all time high on Nov 27 was wave B - not wave 5.
So....
If this chart is correct, the low we saw for wave 4 (as labeled) indicates that we are in wave 5 now.
Since the smaller waves within wave 5 have already passed the possibility of wave 5 =. 618 wave 1, we can now look forward to Wave 5 =wave 1.
These last subdivisions (within wave 5) are the markets last push towards the 317.50 zone. There is the equality- between the wave 1 and 5.
This chart is a big picture of what is happening now. We are within days of a new all time high.
Yet we are looking forward to bearish trades.
The VIX is elevated and as the volatility stays "hidden" to most traders, We are looking for a very short and mild VIX pullback, that will suddenly reverse upwards!
We should then see some VIX divergence with prices. Instead of reading VIX as a contrary indicator, at those special moments, the VIX may go up with the prices!
Traders are buying the "China Trade Deal" rumor, and will quickly reverse and sell the news once announced...
Please be careful and do not buy near the top.
We are bearish the market, looking to aggressively short near the sell zone.
We'll soon try to post a closer view chart for your enjoyment
The count between wave 3 and 4 has been tricky. However the ABC (shown here) explains that the all time high on Nov 27 was wave B - not wave 5.
So....
If this chart is correct, the low we saw for wave 4 (as labeled) indicates that we are in wave 5 now.
Since the smaller waves within wave 5 have already passed the possibility of wave 5 =. 618 wave 1, we can now look forward to Wave 5 =wave 1.
These last subdivisions (within wave 5) are the markets last push towards the 317.50 zone. There is the equality- between the wave 1 and 5.
This chart is a big picture of what is happening now. We are within days of a new all time high.
Yet we are looking forward to bearish trades.
The VIX is elevated and as the volatility stays "hidden" to most traders, We are looking for a very short and mild VIX pullback, that will suddenly reverse upwards!
We should then see some VIX divergence with prices. Instead of reading VIX as a contrary indicator, at those special moments, the VIX may go up with the prices!
Traders are buying the "China Trade Deal" rumor, and will quickly reverse and sell the news once announced...
Please be careful and do not buy near the top.
We are bearish the market, looking to aggressively short near the sell zone.
We'll soon try to post a closer view chart for your enjoyment