1.618 is the common target for wave 3, so I believe we just finished the ABC correction. Wave 5 should start tonight into friday close.
This is how I see it, but my stops on short contracts are above today's high in case I'm wrong.
Good Luck!
This is how I see it, but my stops on short contracts are above today's high in case I'm wrong.
Good Luck!
Comment:
Channel into close. WIll short at top of channel
Comment:
Should end the day on the highs, if not - the lower trendline will break and the be retested from below. That area will be a good place to short in this alternative view
Should end the day on the highs, if not - the lower trendline will break and the be retested from below. That area will be a good place to short in this alternative view
Comment:
Trendline broke, will short the retest if it occurs
Comment:
This may be the correct labeling now
Comment:
Alternative short entry (probably pump it there to close to trap more bulls)
Comment:
On our way
Comment:
SP500 futures -
If Median line holds, then we may have a retrace and then higher highs. I do think we'll go to the bottom of the channel but the alternative is entirely possible
SP500 futures -
If Median line holds, then we may have a retrace and then higher highs. I do think we'll go to the bottom of the channel but the alternative is entirely possible
Comment:
Target may have been hit already
Target may have been hit already
Comment:
target hit, waiting for confirmation
Comment:
futures target has exceeded the target area. Idea may be invalid. Above 2510 on futures and I will close shorts
Comment:
Stopped out with profit, but Idea may still be valid - fib retracement slightly above .618 area
Comment:
Alternative target hit, watching closely for confirmation
