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sophisticated-gambler
May 17, 2023 5:32 PM

Start of a bull run? Micro analysis Long

SPDR S&P 500 ETF TRUSTArca

Description

Additional chart to macro chart that I just posted. Here is my wave count for the hourly chart.

It is too early to say, still need to wait for confirmations but I believe that this is the start of a multi-month or maybe even multi-year bull run

To confirm this count we expect to see a very violent move upwards

Comment

This count ended up being wrong, fortunately this does not change our higher degree picture

We ended up having to push #D to the pivot where little #B is and from there on on a lower degree we are counting either flat (till 24-05-2023) or a triangle (till 01-06-2023)

I definitely prefer a triangle count
Comments
Eggshellshshehe
It is so funny going through the analysis in this forum…
sophisticated-gambler
@Eggshellshshehe, Still funny?
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