SPY-SHORT-UPDATE cho AMEX:SPY bởi FibMarketWatch

SPY

SPY has completed a 5 wave sequence.

-Wave 1 & Wave 5 Extended

-Correction Wave B went above the terminal point of Wave 5.

-Elliot calls this an irregular correction and can be subject to "Double Retracement". Double Retracement corrects Wave 5 and then the whole wave sequence.

I don't think we could see a double retracement due to economic conditions.

Chart:

Catalyst:

1. White House
2. Geo-politics

Will update.

-AB

Bình luận:

Potential Headline Catalyst Down:

1. Kavanaugh
2. Mueller
3. Midterms
4. Big Tech - Breaking News about Data Collection methods by FB, TWTR, and Google.

Bình luận:

Irregular corrections usually appear after wave 5 of a cycle, and would correct the entire five waves according to Elliott’s approach to this phenomenon. The first move after the end of wave 5 would be a three wave affair and is labeled as Wave A. The Wave B that follows will also be in three sub waves but the price will exceed the top of Wave 5. Thereafter, we will get a normal Wave C made up of five sub waves.

Bình luận:

Wave 5 extension= 16.47%

Bình luận:

A bad storm is brewing.

Bình luận:

Prior Super Cycle Correction was a Flat.

Bình luận:

We are in the beginning of a new Super Cycle.

Bình luận:

Other headline catalyst:

-FISA Declassifiation

Bình luận:

Implemented an Put option strategy to protect portfolio.

Bình luận:

Looking ready to drop...

Bình luận:

New Headline about to drop?

Bình luận:

Narratives matter...

Bình luận:

These Sub-Waves will provide the bigger picture.

Extending S-3?

Bình luận:

Wave C needs 5 Sub-Waves to be completed.

Bình luận:

Wave Analysis and Fibonacci are used the same when going down.

Bình luận:

Extending Sub-Wave 3

Bình luận:

Reminder: Extending Waves = Impossible to know what level they stop.

Bình luận:

4.618 is a key level for me.

Bình luận:

If we break 4.618, support starts around $250.

Bình luận:

So far, not good sub-wave 3 traveled over 320% of S1 & S2.

Bình luận:

Double Retrace:

1. Retrace Extension
2. 5th Wave Sequence

Bình luận:

No signs of finding support...

Bình luận:

Reminder: Wave A & Wave B Sub-Wave were both shown in the WEEKLY chart!

Bình luận:

We are clearly at an inflection point in history.

Do we continue with an old Fiat money system?

Do we continue to let a privately held bank govern monetary policy?

Bình luận:

What caused the last ‘recession’?

Bình luận:

“The real cause of the Great Recession lay not in the housing market but in the misguided monetary policy of the Federal Reserve” -

“The Fed can control NGDP through its monetary policy, and as NGDP fell in 2008, the Fed should have lowered interest rates rapidly. If that proved insufficient, it should have increased the money supply through quantitative easing. Instead, the Fed, terrified of inflation, kept interest rates too high for too long—causing NGDP to fall even further.” -

Source: ForeignAffairs.com

Bình luận:

Bogey Man - Inflation

Bình luận:

If 270 is broken, next stop is 250.

Bình luận:

Still got more to go...

Bình luận:

S3 Extended

Wave A was 3

Bình luận:

Friday: Correction Sequence

Monday: S5

Bình luận:

66 Days to form Wave A

Bình luận:

170 days to form Wave B

Bình luận:

$240 looks to be the Terminal Point of the correction.

Bình luận:

Correction will not be completed until AFTER 2019.

Bình luận:

Best SHORT: wait till S2 completes and short higher degree Wave 3

Bình luận:

Clarification: Correction will not be completed until Jan. 2019.

Bình luận:

Wave 2 Terminal projection: $288

Bình luận:

S1Terminal Projection: $273

Bình luận:

Timeframe:

Bình luận:

S5 Complete: Oct. 18

Bình luận:

Yellow = Lower Degree
Teal = Higher Degree

Bình luận:

We need to watch higher degree Wave 5 very carefully and be on watch for "Double Retracement."

Bình luận:

Don’t fall for the head-fake

Bình luận:

S5 still needs to be completed

Bình luận:

S=sub-waves

Bình luận:

Here comes the reversal...

Bình luận:

Not sure what the headline will be or maybe it’s an earnings report but this will fade in After-Hours

Bình luận:

Netflix? Pop and Drop?

Bình luận:

Will Netflix pop hold?

Bình luận:

Netflix is still in a Correction...

Bình luận:

Here comes wave 2 back up

Bình luận:

Sub-Wave 5 hit target exactly

Bình luận:

I would use this rally to exit any positions you don't want to hold before Wave 3 down begins...

Bình luận:

Wait till $282 then Short.

Bình luận:

Looks like we WILL see Double Retracement

Bình luận:

Wave 1:
Sub-Wave 3 Extended
Sub-Wave 5 Extended

Bình luận:

Wave 5 Extension Target is between $259 & $255

Bình luận:

Double Retrace is in Play

Bình luận:

Don't Sell here! Wait for Wave 2 to get out of any position you don't want to hold.

Bình luận:

Pretty Confident Wave 1 is complete...

Bình luận:

Indicators look good

Bình luận:

.618 is the Key Hurdle

Bình luận:

Election Day?

Bình luận:

5th Wave will be a big test...

Bình luận:

Complex Correction implies a strong move higher.

Bình luận:

$284 is a key level.

Bình luận:

Starting to fail...

Bình luận:

Watch for the reversal

Bình luận:

Wave 2 hit target almost exactly...

Bình luận:

Target was $282.

Bình luận:

Above: The Turn.

Bình luận:

SPX Chart is a little scary!

We have clearly completed Waves 1, 2, 3, and 4.

We are in the 5th Wave...

The question is are we more towards the beginning of Wave 5 or more towards the end?

Bình luận:

Above in Pink shows the most recent Wave Sequence.

Bình luận:

260-250 are Critical Levels

If Broken look to 210 for support...

Bình luận:

S1 is going to be tested.

Bình luận:

Doesn’t look good...

Bình luận:

Note Wave A.

Wave C needs 5 sub-waves.

Bình luận:

Very inclined to double retrace...

Probably nothing will be safe...

Bình luận:

Sub-Wave 5 is a tell to double retrace...

Bình luận:

If Sub-Wave 5 breaks S1 & S2 in meaningful way we will likely see new lows.

Bình luận:

Buckle up...

New Lows imminent...

Bình luận:

Wave C Time Est. = 210 days...

Bình luận:

Shaping up to be a real blood bath...

Bình luận:

What brand new market is forming?

Where is the money going?

Bình luận:

$218 Target for Double Retrace

Bình luận:

Russell MAY be ok...HOLD

MJ Stocks MAY be ok...HOLD

TSLA looks ok..BUY

Inverse short ETF...

Inverse Correlation SPY equities:

1. Micro Cap Equities
2. Some Biotech
3. Blockchain/Digital

Bình luận:

Zombie/Corrupt Companies must either fail or clean house

Bình luận:

Fed?

Bình luận:

On life support?

Bình luận:

Fed engineered economic collapses instead of expansions...FACT

Bình luận:

If I’m right about SPX (All-Time Chart) we can go a lot lower than 218.

Bình luận: