Ken0577

Ken0577

Next target Wave5 4585 before end of 1st October. Lets target this if tapering fear anyone to run away by October :D

Ken0577

ARKG target 105.72 by Aug 13th. Day MACD steadily up, 9 and 20 day moving average steadily up cross 100 day average indicate accumulate upward price. Lets target $105 by 2-13 Aug.

Ken0577

Wave 3 target extension from 4401 to 4518 by Aug. An update on top of previous target 4401 shared: Since 2nd July uptick switch gear, Day MACD heading north would means 100 to 150 pips up. 4 hours MACD is definitely heading north and stagnant for while for correction before gradually going up again. Hence for 100 to 150 pips next fibonacci resistance target at 4518.2

Ken0577 Updated 

Previous analysis wave 2 meet ~4134, current status confirm wave 3. Lets target wave 3 at 4401.4

Ken0577

Wave1 completed. Now wave2 correction to 4134.2 before Jun-16-2021. Then start wave 3?

Ken0577

Fibonacci 4193.7 support WMA9 line If this is wave 1, historically won't break 10pt below WMA9 @ 4190.6 However if break below - support @ 4172.3 4166.6 & 4169.8 is strong support @ H4 Is risky to sell short from 4206 where the gain for short is low ~ 40pt (4206 - 4166.6 = 39.4) Is profitable to buy than sell SPX in this state unless it is bear market.

Ken0577

S&P500 Wave 1 Up direction where MACD signal cross up, up channel confirmed, target 4294 by 28th or 31st-May.