Above the yellow line, the targets are above in the chart below it. The target is below, and the most important thing is not to break the area below by closing a day candle
Hello all! Just posting this for education purposes, maybe for myself as well. Post comments about your disagreements or thoughts. Looks like a full impulse wave, happened on 3-11, I have not plugged this into the overall Elliott Wave trend so I can not point you in one way or the other. I was working on this for a friend and thought I would post here too.
This a comparison chart showing how sectors a are performing vs the S&P 500.
Analysis done on 30 minute candles. The time has finally come for financial markets to face the event that we've been anticipating for months. On Tuesday and Wednesday we're expecting to hear from The Fed to confirm their interest rate hike, which has been in the talks since last November. Historically markets tend to throw a tantrum at a time of an interest rate...
Drew this back in February, possible bear case- even if it doesn't *fully* play out, makes it clear why 420.7 has been giving the bears trouble.
$SPY Super long regression trend Sometimes I feel like spend entirely too much time charting… but then, I also love it so… 🤷🏻♀️ This is SPY since it’s inception in 1993… This does help me knock out a few trend lines. I know I look at some HUGE timeframes sometimes, but it does help to put things into perspective. The things we see on a marco scale reflect...
In an earlier post I mentioned that SPY looks really bearish for the short term. However, this sideways move looks corrective for the first wave and looks like a C wave will begin next. Looking for 430-432 before we start making the big move down to 400. Check out YT channel with link in profile for more details.
The puts at 4100 on ES are without a doubt monstrous, as per emini tick on Twitter. But the over all market is also not without fear. The narrative? ~ WAR ~ INFLATION ~ FED RATE HIKING ~ BURSTING OF BUBBLES ETC.. these are all possible cautionary tales to be bearish. But when have we ever succeeded in predicting "the crash" with 90% bearish. I'll take that as...
RAGINNNNNNGGGG BULL coming. Shorts are about to lose their cheese. Elliot wave is something special that many people will miss right here when this bull market takes off on its last and final leg up BEFORE the real CRASH!!!
With current market condition, We could easily see -20% from ATH ~SPY @ 380.
Orange lines are light potential for reversal and red line is the lowest it has been in month. White is what it is sitting round. Pink lines representing highs and lows of current downtrend.
Please see chart. This is my views only based on previous trend that I notice.
this is a monthly bearish count....cycle b has been completed, 3700 next support
Hi all, Haven't posted in quite a while. Reason being that I'm doing this for free and the market was not showing any more bullish promises. So here we are. High inflation rates, gas price exploding, Ukraine war. Not many positive news. I'm bearish now. And have been since my last post in late November, early December 2021. I own lots of SQQQ calls for Jan 2023...
... for a 6.96 credit. Comments: High IVR/IV for broad market (72/30). Opened this toward the close on Friday. 6.96 credit on buying power of 50.19; 13.3% ROC as a function of buying power; 6.7% at 50% max.
The overall market had a poor weekly performance but managed to absorb a week of negative news. Higher inflation number, oil prices and the end of QE could not break key support levels. The bottom may be forming soon. Be greedy when others are fearful!
This is the daily chart of spy where the fibs were retraced more than 50% in the last leg down. So the breakout will be bullish,
It looks as though the SPY is beginning a head and shoulders, I posted this earlier, but I mistimed the first down by 3 days, so I have shifted my original arrows, and now have added a prediction for the second shoulder.