“Shoot for the moon. Even if you miss, you'll land among the stars.”
In this case, we shoot for the stars and hope we land on the moon.
4x SPY $260 PUT - EXP 2/11/2019 - Entry @$0.25, 2/1/2019, exit @$.50 or above
All it takes around 13 consecutive correct guesses. Easy. 3 weeks.
Some legitimate moves will be made, but it will consist mostly of dumb and overly aggressive plays. Try to keep up.
-------------------------------------------------------------------------------------------- This is for fun, don't actually follow this unless you're looking to lose $100. Feel free to donate to my dumb cause, or buy me a coffee. (DM)
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First potential inflection point was crossed today, secondary would be at 272~274, and the last would be 280~282.
Closed out positions at $.10, waiting on some form of confirmation before re-entering.
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Wave 5 tends to retrace at a similar length to wave 1, and happens to occur nearby some extremely solid resistances.
The 200 MA, 100 MA, 50 MA also leads us to the possibility that there may be an earlier wave termination, near the .618 retrace of 273.
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This is the most likely scenario: Sub-wave 4 begins around our next big resistance at 273, flat corrects, then hits 280 finally terminating this 5 wave seq.
Tomorrow will be the confirmation day.
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sub wave 5 term wave 2 term wave 3 down confirmed
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subwave 1 & subwave 2 completed, subwave 3 of larger wave 3 down beginning
target .38 fib retrace of 2598/2604 or 1.618 retrace of 262
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clarification on above statement: 1.618 retrace of 262 for subwave 3 of wave 3 target, finished wave 3 around .38 fib retrace of 2598/2604