SPX. More tapering pace + time this coming 14-15 of December !
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 ,
As of this month only 15Billions were tapered ,
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The more we go up, the weaker this count is, just pointing out the " Known". We have already reached .78 Fibs of previous high, this is algo playground here !
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Seems likely this will get invalidated. We could have a flat for our X, just like this idea, but do not think so ! Never know though i see every one is just bearish with out sold analysis !
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We are closing in on a trough of some sort with in 2 days or so, lets see how this wave structure unfolds. Just Omicron + Tarping are going to invalidated any thing bullish here lets see !
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We might not touch the lower line of the channel, not sure as of now. 5 waves in progress to complete perfect Elliott wave count !
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Straight break down !!!
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We will probably get another ABC down in WXYXXZ triple zig zag structure !
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This is becoming more WXY , lets see what mkts give us today !
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twitter.com/samitrading1