TradingView
hngng_anhs
May 30, 2022 8:36 AM

SPY 

AMEX:SPY1D
SPDR S&P 500 ETF TRUSTArca

Description

⋅
If im counting this right and shit. if its just a simple 3 waves move correction and not a complex one; then are we taking off from here? .0.

Comment

⋅
nah i dont like this scenario that much anymore, I'll go with the bear case
Elliott Wave
Comments
DukeDinhd6
⋅
we're in a bear market so this chart is nonsense
hngng_anhs
⋅
@DukeDinhd6, I did not say this is what I am firmly going with. I have shared my view of a bear case for it too. What is your view on where SPX is heading?
TheCryptoChartWhisperer
⋅
@DukeDinhd6, Actually she's right. Shove it deep down inside because in July its 5k or greater
DukeDinhd6
⋅
@TheCryptoChartWhisperer, we're going into a recession mate
TheCryptoChartWhisperer
⋅
@DukeDinhd6, That's actually a popular misconception right now. We are not.
hngng_anhs
⋅
@TheCryptoChartWhisperer, we know its about to end soon when all the retails are bearish
redlinesd
⋅
that would be logical, but something is fishy about that IV, maybe we already had V.
hngng_anhs
⋅
@redlinesd, yea idk, not too sure tbh. Wave V could have already set it, but it just doesn't really make sense so i think we should see another leg up. And since i have wave 2 correction very shallow and short, I think we will have a deep and lengthy correction now if it's actually a wave 4
TheCryptoChartWhisperer
⋅
@hngng_anhs, Nope you nailed it we rise from here.
More