SPX's Elliott wave D-Day is upon us.Crashes are for Baby boomers
481
Or not. Either way "No" sign what so ever for a correction!!! Tip: Insiders Weekly Sell vs Buy Ratio (Open Market Transactions) reached .08 a number not seen for quite long time.
Note
No Bears showing on these levels = Not correcting for wave 2 = Elliott wave is
telling us that we are still in wave 3 & we should have RSI reading above 83 in the
coming weeks to top for a 3ed wave. We stand today at " Ideal Text Book
impulsive 5 wave structure " going up more from here without a reasonable
pullback will open high targets that's just hard to understand right now . This
market is getting harder to analyze with much riskier trading ahead of us.
wish you all the best.
Note
If you are Bearish, you would love this chart, if you are bullish you will hate this chart either way this is Elliott wave with lost of Alter.
Note
No catalyst to crash so far :
1/ shake up buy the dip "check volume for that"
2/ Elliott wave 2 is in progress : Wave 2: Common retracement levels 61.8%-78.6% of wave 1 (golden zone, most common) May also be 23.6%, 38.2%, or 50%
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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.