See Chart and Previous Idea. Can refine to more precise expectations from here, still just approximates. Near-term downside risk still to 362, but probability favors technical bounce from here which could trigger a squeeze... and if SPY wants to bounce exactly at the bottom of the expanding triangle I drew in, chances are it will continue to respect it 4 legs in.
I just used an If-then statement conditioned on leg (d) being realized at today's low and a gap fill to 389.75 occurring following FOMC. From there I populated most likely path to (e) via Elliot Wave mixed with Witchcraft. So, something like: 370.59 -> 389.75 -> 380.54 -> 411.55 -> 397.72 -> 429.67.... -> 385.15 ------> breakout of expanding triangle at 444.29 later on in 2022.
The pasted image of the 5min SPY chart is zoomed in at the price action, thus far around the visible span of this supermoon (closest orbit to earth will be tomorrow at 7:24pm.. FEDS be spookin'). It implies a local downtrend line was broken going into close, we still need to get back above the red downtrend line at the higher time frame around 379-380 to attempt first gap-fill. My gf sent me the screenshot of the moon thing and says we're going to moonwalk.. shes a witch. The (W) C above the pasted image, that stands for Witchcraft.
I hope I see you all on the moon by end of June, else pray for my soul.
Imperio,
HeWhoMustNotBeNamed
P.S. The big money doesn't know Occlumency
I just used an If-then statement conditioned on leg (d) being realized at today's low and a gap fill to 389.75 occurring following FOMC. From there I populated most likely path to (e) via Elliot Wave mixed with Witchcraft. So, something like: 370.59 -> 389.75 -> 380.54 -> 411.55 -> 397.72 -> 429.67.... -> 385.15 ------> breakout of expanding triangle at 444.29 later on in 2022.
The pasted image of the 5min SPY chart is zoomed in at the price action, thus far around the visible span of this supermoon (closest orbit to earth will be tomorrow at 7:24pm.. FEDS be spookin'). It implies a local downtrend line was broken going into close, we still need to get back above the red downtrend line at the higher time frame around 379-380 to attempt first gap-fill. My gf sent me the screenshot of the moon thing and says we're going to moonwalk.. shes a witch. The (W) C above the pasted image, that stands for Witchcraft.
I hope I see you all on the moon by end of June, else pray for my soul.
Imperio,
HeWhoMustNotBeNamed
P.S. The big money doesn't know Occlumency
Comment:
Bulls take. We broke the red downtrend resistance and managed to close above it, the precise level I have is 379.01. Bulls take.
Comment:
Zoom in to the 1 minute and pull up the stochasticRSI. That's what I look for right before lift off. We'll see here soon. I'm adding long here
