I thought I wrote the filler text and was like wow. I’m good. Anyway, bullish setup unless it breaches 2551ish (wherever wave 1 high was, can’t go below that or EW invalidated. Most likely it begins move up to 4200-4500 to complete wave V. SPY also trying to complete wave IV/start wave V.
I posted a more near term scenario on post earnings move statistically pointing to bigger move than options are priced for. This bigger picture makes me lean to bullish initial target around 3500. Would not be an anomaly if it dropped to 2450 region which would invalidate wave IV and thus the bullish structure which it has been building since 2017.
If you want to know how market will get out of this downward trend and momentum... pay attention to AMZN Tomo
I posted a more near term scenario on post earnings move statistically pointing to bigger move than options are priced for. This bigger picture makes me lean to bullish initial target around 3500. Would not be an anomaly if it dropped to 2450 region which would invalidate wave IV and thus the bullish structure which it has been building since 2017.
If you want to know how market will get out of this downward trend and momentum... pay attention to AMZN Tomo
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