SPY looks to be putting in the W5 of this diag,is it leading and we will continue to new ATHs or is it an ending diag to complete a complex B wave and we get an impusive C wave down to complete the ABC correction. as you can see algos were defending the .50 in W4 giving us a target for W5 at the -.236, which also will possibly fill the gap from the start of the A wave. Taking into consideration the length of time this correction has been relatively short compared to the bull run we just experienced. Failure to fill the gap is a sign of weakness and increases the probability we will see a C wave down. Buckle up and hold on to your hats this is going to be a fun ride.
look for large block trades coming in on the VXX, which I did see a couple very large ones at the end of last week. This is something to watch very closely
look for large block trades coming in on the VXX, which I did see a couple very large ones at the end of last week. This is something to watch very closely