2950-2977, is going to be the resistance area to look out for. If we get any significant resistance there, SPX is going to turn into a big downtrend.
Komentarz
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Didnt anticipate the tartiff tweet, but news should bring us up to 289.
Komentarz
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To me it looks like SPY did ABC down. The volatile movements we had, is a clear indication we usually see with C waves. We need 283,2 to hold in order for this to reach 295 spy.
Komentarz
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We got liftoff. This is going as anticipated. We should be looking at a 296-298 retracement. there is where would load shorts and target 27x.
Komentarz
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That was it for the retracement. We can maximum go to 297, but very unlikely. I would start shorting here. Target is 273.
Komentarz
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New count:
If im correct we are going to test 3019 next.
But we still have a lot of resistance to go through. We absolutely need to go past the red resistance i have marked. After that there isnt much resistance up to 3019.
Komentarz
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Ok we got some upward momentum going. But i tend to be on the short side. I'm shorting the red Resistance area here, my overall target for this short is: 265.
That was it for the retracement. We can maximum go to 297, but very unlikely. I would start shorting here. Target is 273.
DaddySawbucks
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O gosh high today: 2,943.31 stopped at the Fibo.
LukeSkywalker
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@DaddySawbucks, i think we can go higher. 298 is in the works
DaddySawbucks
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@LukeSkywalker, Certainly possible but I wouldn't bet much on it! Fluctuates so wildly now; we never know exactly when it will break, but it will be soon IMO.
DaddySawbucks
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@LukeSkywalker, Ty for updatez. I reckon you might be on tar atm.
DaddySawbucks
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0.618 retrace @294.4; let's see if we can get it Weds to setup the breakdown.
DaddySawbucks
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I see a minuette EW 1-4 from 5 Aug; 5th incoming; IMO ur tars spot on. Ty 4post!