FoggyLights

SPY: Wolfe Wave Pattern

AMEX:SPY   SPDR S&P 500 ETF TRUST
321 views
9
321 3
I don't think there's enough gas in the tank for this kind of move, but the pattern is there and I wanted to share with the community. Please feel free to comment. I'm not an expert on waves.
Apr 22
Comment: Are we expecting any big news on Monday? I haven't been following the news lately.
Apr 23
Comment: I didn't know about the elections. Lol. Are we going with this pattern? I need to know before the opening :)
Apr 23
Comment: Don't think I'm going to short this blindly in the morning. No. We'll take a look.
Apr 23
Comment: Those big orders on SPY on Friday afternoon make sense now. I guess some people just know the future :)
Apr 23
Comment: I trade US day sessions only - in case if somebody wants to know - not trading this atm, completely flat this weekend.
Apr 23
Comment: Don't be in a hurry to short this. There will be tons of time. An amateur's opinion only :)
Apr 23
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Apr 23
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Apr 23
Comment: but you have to look like this to be a trader
https://www.youtube.com/watch?v=YRGHUUrB...
Apr 23
Comment: I don't trade without looking at the volume. I don't know how people do it.
Apr 23
Comment:
Apr 23
Comment: I'm going to stay up all night (taking care of business) - feel free to write.
Apr 24
Comment: I'm not trading this atm, but if I was I would be staying flat. Opinion.
Apr 24
Comment: On that second chart I showed SPY going up in the morning. Send me some cheers. I even didn't know about the elections - I'll be struck by lighting.
Apr 24
Comment: So tomorrow's high of the day is the time when I'm going to enter. That has been my plan since Friday after-hours.
Apr 24
Comment: I'm expecting a failed breakout to the upside and then lower. In the morning.
Apr 24
Comment:
Apr 24
Comment: To summarize:
1) I agreed that this move was not sustainable and is likely to have a deep retracement
2) I recommended to wait for a range consolidation and accumulate a short position slowly - preferably after a failed breakout to the upside
3) I was being polite and didn't call anybody names
4) I'll be back tomorrow to drive more people crazy with my constant updates
Apr 24
Comment: let's cooperate on finding the high of the day
Apr 24
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Apr 24
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Apr 24
Comment: nice heads up on the low
Apr 24
Comment: mirror
Apr 24
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Apr 24
Comment: accumulating a very small options position, epx in 26 days, staying brutally modest, thx
Apr 24
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Apr 24
Comment: need to take care of things this morning, but reading the site
gnight
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So if the base idea makes sense I'll move forward and fill the gaps.
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Some of the things are very key.
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