Hello Traders! Here is an update on SPY. I believe this higher degree wave 3 is coming to a conclusion this week sometime. For 10/3 Monday, i would like to see a move towards 363/364 then rolling over into a final wave 5 taking us to a post triangle thrust maybe to 354 all the way down to 349 potentially. Those are my key area's i'm watching. Then we can start looking at wave 4 higher degree to be kicking in. That is my thoughts for this coming week.
Key area's i'm watching:
Upside: 360, 363/364, 365
Downside: 358, 354, 350, 349
As we begin to transition towards wave 4, i will update until then we should all be sitting in puts ya?
Good Luck Traders!!
Key area's i'm watching:
Upside: 360, 363/364, 365
Downside: 358, 354, 350, 349
As we begin to transition towards wave 4, i will update until then we should all be sitting in puts ya?
Good Luck Traders!!