Indice S&P 500Short
Need Confirmation B-wave is complete
I posted an idea for SPX500USD and SPY a couple weeks ago saying I was legging into July puts because we are nearing a major top.
That top is likely in, but here is the confirmation I am looking for to signal a larger degree B-wave has completed:
- Expect small bounce to around 5283
- Then drop to 5215-5240
** If this occurs, and is followed by a bounce to 5292-5293, it will set up for a iii wave down to 5110 by early to mid June 2024 to confirm a larger degree C wave is in progress with end goal 4600-4700 by end of July 2024.
That top is likely in, but here is the confirmation I am looking for to signal a larger degree B-wave has completed:
- Expect small bounce to around 5283
- Then drop to 5215-5240
** If this occurs, and is followed by a bounce to 5292-5293, it will set up for a iii wave down to 5110 by early to mid June 2024 to confirm a larger degree C wave is in progress with end goal 4600-4700 by end of July 2024.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.