FxElliottJunkie
Short

spy Daily Bias Trading the hourly

BATS:SPY   SPDR S&P 500 ETF
162 7 1
Aftter the . 618 retracement swing up was rejected sold two units short where C should equal 100% of A at aproximate 162.Take profits on first unit at 162 and and adjust stop for a larger potential. If holds wll             update on second unit.
Lower my stop on second unit to 163.5
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Fits well with a 5th wave down in a zig zag
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Lower my stop to 165
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QuantitativeExhaustion FxElliottJunkie
not bad analysis. We arrived at the same conclusion with a different EW prospective.
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FxElliottJunkie QuantitativeExhaustion
Thanks JR I actually just put that together real quick. For the most part I am on the same page as many of your charts.Hope you can critique my stuff in the future and help me out. I appreciate it.
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Here is a look at the daily chart if all goes well one unit is still active and booking profits on the first. I always buy sell in two /x/63QP3q7d/#
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