Higher highs already confirmed !!! We must have higher lows to confirm the trend has changed up !
This whole move could be just the major first leg down then we have another major leg down that's 1es scenario, 2ed this is just the trough we are waiting for !!!
Going the volatile not good for both bearish or bullish , emotions are in in full force not real and reasonable moves !!!
- ETA of our wave B of Z of WXYXXZ 2:00 PM 12.6.2021 & 1:00 PM 12.7.2021 -Before 4581 & after 4539
If you are still bearish here, wave XX could be Flat ABC. Then we still have ABC of Z to go down. That's a probable count , though, many indicators are pointing toward a trough of some sort whether major or minor !
-Higher highs still in progress uptrend FULLY "Intact" -RSI higher high = Continuation of Volatility or same lvls to say the least !!!
By far this is not a perfect situation, neither TLs nor channel have a perfect set up here .Non the less most touched points are here and they are more like a guide rather than a set up.
According to our analysis of VIX behavior in this particular pullback, with it's 14 divers since Covid's low, NO middle ground here period. If you understand what "Nimble" means then you better practice it again and again and again till we get out of this VIX situation because it's a break or made area. Either we go up big time or we are already in a "CRASH",...
Three possibilities out of may just seeing it from one angle. We could also go triangle formation , but this is something we have not seen SPX do since Covid's low very often. Only Russell 2000 have had such triangles type of structures for a long time, spx has been more dips in simple wave structure.
1/ This is as good as it gets WXY double Espresso "Text" book pullback 2/Our Omicron's indicator is kinda off bearish for 2 weeks, suggesting another shot of Espresso to say the least ! 3/Treasury Secretary Janet Yellen on Tuesday told lawmakers that she now estimates that the U.S. will reach its debt limit on Dec. 15, almost two weeks later than her initial...
Could it be that simple and we bounce from the golden ratio ! I guess no one wants to be holding the bags going into the weekend !!!
1/ After Covid's low, we have had 11 "Divers" on 3H chart. 2/ 11 out 11 Divers, Volatility was over W/ 100% success rate !. 3/The only scary thing is Covid's crash we had 3 divers, beside our 11, diving down while volatility spiking let that sink in !
Invalidation by this much this is more Algo & computer playing with our emotions i sold my puts after the invalidation, guess what happened next they are up 50% now !!! 5 Points not a fare fight here who can beat these systems !!!
Powell says Fed will discuss speeding up bond-buying taper at December meeting, which will take place from 14-15 of December ! As of this month only 15Billions were tapered ,
Wave XX is usually a Zigzag family pattern. Wave XX is usually less than 70% of Wave Y by price. Wave XX will usually retrace at least 30% of Wave Y. Wave XX is most likely to be a 38.2% retracement of Wave Y. Wave XX is next most likely to be a 50% retracement of Wave Y. Wave XX is next most likely to be a 61.8% retracement of Wave Y.
WHO'S Researchers are meeting later today to determine if this variant is of "Interest" or of "Concern" !. By the end of the day, we shall know whether this is a dip to buy or a big pullback. It will take weeks for testing this new strain, W/ such big M2 hard to crash !
Wave XX is usually a Zigzag family pattern. Wave XX is usually less than 70% of Wave Y by price. Wave XX will usually retrace at least 30% of Wave Y. Wave XX is most likely to be a 38.2% retracement of Wave Y. Wave XX is next most likely to be a 50% retracement of Wave Y. Wave XX is next most likely to be a 61.8% retracement of Wave Y.