To my followers and other readers:
I apologize for my previous SPY post ("SPY:445"). I had been given bad advice from another trader I think very highly of, but I'm afraid he may have been mistaken, so from now on I will be posting analysis solely from my wave counts alone going forward. This is what I believed before and I am reverting back to it. SPY was not in the end of wave 5 of intermediate wave 1, but at the end of wave 1 of intermediate wave 3. Yesterday was the end of wave 2 of intermediate wave 3 and today I believe we have begun wave 3 of intermediate wave 3. THIS MEANS A LOT OF SELLING COMING. I have final target of intermediate wave 3 between 366 and 358, so this would either be the end of wave 3 or even 5 of intermediate wave 3. Please trade cautiously if you're long right now, I expect BLOODY red days coming over the next few weeks.
Not financial advice
I apologize for my previous SPY post ("SPY:445"). I had been given bad advice from another trader I think very highly of, but I'm afraid he may have been mistaken, so from now on I will be posting analysis solely from my wave counts alone going forward. This is what I believed before and I am reverting back to it. SPY was not in the end of wave 5 of intermediate wave 1, but at the end of wave 1 of intermediate wave 3. Yesterday was the end of wave 2 of intermediate wave 3 and today I believe we have begun wave 3 of intermediate wave 3. THIS MEANS A LOT OF SELLING COMING. I have final target of intermediate wave 3 between 366 and 358, so this would either be the end of wave 3 or even 5 of intermediate wave 3. Please trade cautiously if you're long right now, I expect BLOODY red days coming over the next few weeks.
Not financial advice