SPX Has a very clear 1-2 1-2 nest set down How far WC or W3?
Diupdate
Either Corrective, and we must not pass the Red line. Or Impulsive and we pass the Red line for much greater pullback/correction ! Red line is the key here, only time and wave strucutre will tell us how far we go down. Watch your long position at least for the short time just in case this is go down below Red line
Catatan
Daily view...Catatan
Catatan
Catatan
Some breadth indicators are suggesting this !!!Catatan
Look up for further details ! If and if i am right !Catatan
We have 5 waves down completed !Catatan
Moving average 5 Days, not whole allot of buying the "Dips" here !!!Catatan
CNN Fear & Greed index:As low as 10.22.2022
Catatan
If you are bearish & only if you are ! Macro count for ABC or WXY !Catatan
f you are bearish & only if you are ! Macro count for ABCDE Triangle then up !Catatan
Goofing around and counting, 5 minutes chart, all the simple impulsive 5 waves !Catatan
Catatan
2 Rejections here on 1H chart:1/ October's of 2022 low (Green line) !
2/ Down Blue channel !
Catatan
Catatan
4199 Is the # to watch !Catatan
# 1 : ESi futures, suggesting an ending diagonal here ! We could/might have our trough in already. Catatan
Zoon in for a probable final W5Catatan
#2 : ESi futures, this last move up does not look like an impulsive move . Could be a leading diagonal of some sort !? If so we have not seen a big drop as usual after it.Catatan
Back to our regular session SPX :1/Expanding leading Diagonal ! ( if you are bullish)
2/ WXY Corrective then down. (Bearish)
3/WXYZ Corrective then down. (Bearish)
Catatan
Updating our break down. Could/might be a "Bear's trap" either way we are back inside our Blue channel +Above October's low Green line. !
Catatan
Everything we did here and on X implies a "Trough" is in place. Me not understanding this last move as of yesterday is the only thing standing in my way to confirm such a thing. Other than that everything suggest a bottom has been reached ! Or i could be wrong and south we go, never now.!Catatan
Probable L.Diagonal of some sort if you believe a trough is in already!? = We will revisit the W1 region today/tomorrow !Catatan
Daily, just chilling on both major trend lines ! Catatan
Before up, after here down !Catatan
If you are bullish then this could be something like this !Catatan
If you are bearish then we have one more leg down ! Wish WXYZ in place as a corrective counter trend move !Catatan
If we are going up for W3 then we have completed ABC for W2 as such.Catatan
If you believe we still got one more leg down then it should not pass Red box !Catatan
Not good !Catatan
Final leg for bears if they want to push this further south !Catatan
Catatan
PC is implying a trough has been placed in already !Catatan
If i may add, or with in 1-5 Days !Catatan
Time wise :1/ Our last bullish move can not be related to this prior last move down 37 bars vs 32 bars.
2/ Might/could be related to a bigger count from last leg down.
3/ Or this is the beginning of bullish move !
Catatan
IF you still believe we have more leg down then this last 32 bars are more probably related to "Chart"32 bars VS 37 bars time wise: NO
81 bars VS 32 bars time wise: Probable
- if you are bullish then this last 32 bars are the "Beginning " of a new bullish move.
Catatan
5 Waves for the bears !Catatan
Pullback is needed ! Red box !Catatan
A textbook ABC Corrective counter trend move has finished ( If you are bullish).We gave 2 scenarios for an ABC or 5 waves down impulsive down. After such corrective move look for a probable new ATH !
- If you believe that we are crashing and the is the beginning, then this is parably still wave 3 for you and we would go down. You will need a catalyst for that and more trading days to form a bigger corrective move to support your bearish scenario in the coming days/weeks. !
Catatan
IF you believe that we have bottomed already, this was an ABC counter trend corrective move, then 5th wave is incoming by the end of 2023 as such. !Catatan
Catatan
For the bearish case out there, look up for further details ! 9th +10th up dates have 2 bearish scenarios which should be followed closely !
Catatan
ESI has invalidated Impulsive up !Catatan
ABC has completed, 3 waves down !!! We could have Impulsive down in Blue NOT good for bulls !!!Catatan
Back to our regular session. We have mentioned Red box ( Look Above) for wave 4 of an impulsive up, well ESi has invalidated that if we do the same here Red line not good for bulls as well. We shall see by the end of today's trading session !Catatan
what if this is an ABC (Since ESi invalidated impulsive up):A= Diagonal
B= Flat
C= Impulsive
* We must break below Red line 4268.50 + have a motive wave structure (We need more time to develop such structure)
* We have 2ed +3ed options as WXY & WXYZ, then this would be our 4th ABC which i have not mentioned due to the complexity of the previous waves!
Catatan
if this is the case we wont go that far, tgt is Red box ! And i do not like it because on smaller time frames we have nailed our 5th wave down ! Unless this is an impulsive going down and we will go much further down ( Look above for a triangle + WXY Macro counts)Catatan
For Example buddy. Look at AAPL'S today count ! How can yo count this (Which is going to, with high probability, determine the next move for SPX ) !Catatan
Entering W4, Red box ( check prior ideas).!Catatan
Few points from invalidation of our impulsive up, stay close to your trades here guys.!Catatan
More impulsive here than corrective, we shall see by end of day. ! Stay nimble guys.!Catatan
Ending diagoanl for wave 5. Or not and i am simply wrong on this big time as we might have a trough in place already .!Catatan
Invalidation here .!Catatan
Favoring an impulsive move up !Catatan
How on GOD'S Earth, can someone count this as corrective ABC (Red circle) !!!Catatan
Not even one minutes chart could be counted as an ABC corrective !!!Catatan
If you count is as a WXY double Ziggy, then the rule of alternation is not happening here since wave 2 was flat !!!Flat for Wave 2 !!!
Catatan
Looking for a top today.!Catatan
Estimated time of arrival of wave 5 is between 10:50 & 11:45. !Then wave 2 down 4200ish .!
Catatan
Arriving to our tgt a bit early ;-)Catatan
Next is 1.62 W5 to W1. !Catatan
Re-adjusting W2 retracements due to the fact that we kind off overextended our 5th wave here.Catatan
Waves 3 & 5 are kind off equal in % gain.!Catatan
We should see sharp move down for wave C or 3 of ACatatan
If this is W2, then we should pass 1.15% .! Bigger count should be bigger in pullbacks than smaller count.!Catatan
The least thing bears should do is having a bigger pullback :-) this is very shallow for W2. During our w2 +w4 pullbacks we went south a bit deeper. !Catatan
What if we still have another higher high and we just finished wave 3, pulling back in wave 4 right now then final wave 5 to complete five impulsive up. !Catatan
ETA, is 2:45 PM where Time equality 5=1 @ 4397 where % equality 5=1.!Catatan
ES1 this morning is just 70 points from the Golden Ratio.!Catatan
ES, Achieved .76 extension.!Catatan
ES'S Move this morning.!Catatan
Looks like a flat here.!Catatan
This move in circle is just one straight line !!!! The look is Flat but no way to count 5 waves down.!!!!Catatan
We have not, if this is 5 impulsive up, reached 61% retracements for wave 2 then 3 up.!Catatan
Probable .!Catatan
If you are bullish, this is your path.!Some Elliottions are suggesting we are in a "Bearish" market and this is just a counter trend move then we go down.! We shall see.!
Catatan
Only Flat if we have an Ending Diagonal.!Catatan
More complex waves here.!Catatan
1-2-3-4-5 Waves Vs ABC.!Catatan
If you are bullish this is your "Touch down" for wave 4 of 5.!Catatan
5th of 5th is up next , if yo are bullish here.!Catatan
Catatan
For the bullish case we are probably somewhere in here, w1 of of w3 of W5.!Catatan
Challenging to say the least.!Catatan
Truncation + Deep pullback.!?Catatan
Using daily & disregarding our mini counts 5m,15ms.... And being Bullish this is your target.! So many bearish counts out there ABCs.!Catatan
It seems that we have a 5 waves impulsive up with one big wave 4 (Deep retracements >61%)Catatan
ES1, Still under October 12th's high ??!!Catatan
So what is next for SPX ? Scenarios:
#1: We have completed 5 waves up going for W2 down.!
Catatan
#2: We have completed 5 waves up October 10th, wave 2 was a Flat and we have finished wave 1 of wave 3 up.!Catatan
#3: ES1 is still in a corrective move !!! Could be a flash warning for a potential break down .!?
I do more in depth studies of stocks on my twitter account. Hope you would enjoy it there as you are enjoying it here.
****** Past performance is no guarantee of future results***
twitter.com/samitrading1
****** Past performance is no guarantee of future results***
twitter.com/samitrading1
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.