gm,
unlike the nasdaq which has put in a clean looking 5 waves up from the lows -
the spx did not.
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what this opens the door for, is a raid of the lows.
in this case, based on my current primary trajectory on the us dollar, i am going to be anticipating an expanded flat.
aka -> raid of the low to trip the accumulated liquidity down below, followed by a slingshot to 4700+
---
if you are interested in learning more about flats - i do highly recommend checking out this post about them:
unlike the nasdaq which has put in a clean looking 5 waves up from the lows -
the spx did not.
---
what this opens the door for, is a raid of the lows.
in this case, based on my current primary trajectory on the us dollar, i am going to be anticipating an expanded flat.
aka -> raid of the low to trip the accumulated liquidity down below, followed by a slingshot to 4700+
---
if you are interested in learning more about flats - i do highly recommend checking out this post about them:
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idea 3:
idea 2: