FX:SPX500   S&P 500 index of US listed shares
SPX500             has completed 5 waves. Breaking down the uptrend will speed up the correction process.
Comment: Approaching target.
Good idea but what did you use to measure the target near 1925.5?
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Bandarsq PRO FractalEyeZ
Thanks. I used combo of Fib levels.
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Very elegant thinking on the counts; I really like how you left space for the encircled 5. Should we then expect a corrective five wave A, a three wave B followed a five wave C?
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Bandarsq PRO Quantum_Maryland_Capital
Thanks for the kind comment. Yes breaking the downtrend will send it for wave A or W.
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Brother, thanks for this. I had a hunch this Friday and shorted it. :D
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hope it goes in our favor : )
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robus Bandarsq
I am shorting this just after FOMC.
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Trend is broken.
+1 Reply
robus Bandarsq
I am chicken. I never traded this before. still wait for FOMC
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You know what works for you. Safety is smart.
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i just bought SQQQ today thoughts?
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IsaacKern12 IsaacKern12
1925 looks pretty low.
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Bandarsq PRO IsaacKern12
Low but will take time.
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Bandarsq PRO IsaacKern12
how did it go?
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