This is a video walk through of the SPY considering this count as a larger ABC move instead of an impulse with a bounce coming next.
I do feel this count is a strong possibility but it will be wrong over 383 or more conservatively, over 387.
Very few people think we can have a melt down over the holidays, and very few are thinking this is a possibility, which is why I'm bringing it up.
If I'm wrong I will update this chart, but If I'm right I will be updating the futures chart at www.tradingview.com/...ive-Count-in-detail/
I hope it's helpful.
Good luck and Merry Christmas!
I do feel this count is a strong possibility but it will be wrong over 383 or more conservatively, over 387.
Very few people think we can have a melt down over the holidays, and very few are thinking this is a possibility, which is why I'm bringing it up.
If I'm wrong I will update this chart, but If I'm right I will be updating the futures chart at www.tradingview.com/...ive-Count-in-detail/
I hope it's helpful.
Good luck and Merry Christmas!
Comment:
trendline break?
Comment:
rising wedge on spx cash, the fib line is still holding back price. Probably stab through by end of day, still looks bearish to me
Comment:
potential count, if true the close will be sold
Comment:
put call on spx as of yesterday quite tame ycharts.com/indicato...e_spx_put_call_ratio
Comment:
put/call on equities dropped to .77 ycharts.com/indicato...quity_put_call_ratio
