S&P short term
已更新
Hi Traders
here a quick update of what i see in the short term
I see a bear flag forming.. this would be in line with my count: I think that we completed a wave 3 RED (itself composed by 5 small wave in roman numbers between brackets)
What I am expecting is a fall or a gap opening tomorrow to complete wave 4 RED and then a further push up to make wave 5 RED
After that is really a question mark:
case 1- if we are completing wave 5 of the bigger cycle of the larger ending diagonal (wave in big black roman numbers), then we will follow the blue line, bouncing (probably but not surely) in the red rectangle above and falling possibly between 2023 and 2260, best case scenario (again in case we bounce in the red rectangle) would be a retrace to 2556
case 2- if, otherwise, we are still finishing an internal retracement of wave III BLACK, we will probably follow the red line
of course everything can develop to increase complexity further more, the more complexity, the more fall I would expect (because that will mean that the distribution phase is more substantial)
but as of now, with the data I have, that is the best I can forecast :)
The logic behind case 1 (for those who likes fundamentals reasoning while charting) , would be that, possibly, and time permitting, we would have a throw over the upper blue trend line, which will trap most of the bulls.
The logic behind case 2 is a quick and hard shake of the market to increase liquidity and distribution
Please feel free to let me know if you see any flow in my analysis, always ready to learn :)
HAPPY TRADING !!
This is not financial or investment advise.. I'm not a professional in the field.. this is just for fun :)
here a quick update of what i see in the short term
I see a bear flag forming.. this would be in line with my count: I think that we completed a wave 3 RED (itself composed by 5 small wave in roman numbers between brackets)
What I am expecting is a fall or a gap opening tomorrow to complete wave 4 RED and then a further push up to make wave 5 RED
After that is really a question mark:
case 1- if we are completing wave 5 of the bigger cycle of the larger ending diagonal (wave in big black roman numbers), then we will follow the blue line, bouncing (probably but not surely) in the red rectangle above and falling possibly between 2023 and 2260, best case scenario (again in case we bounce in the red rectangle) would be a retrace to 2556
case 2- if, otherwise, we are still finishing an internal retracement of wave III BLACK, we will probably follow the red line
of course everything can develop to increase complexity further more, the more complexity, the more fall I would expect (because that will mean that the distribution phase is more substantial)
but as of now, with the data I have, that is the best I can forecast :)
The logic behind case 1 (for those who likes fundamentals reasoning while charting) , would be that, possibly, and time permitting, we would have a throw over the upper blue trend line, which will trap most of the bulls.
The logic behind case 2 is a quick and hard shake of the market to increase liquidity and distribution
Please feel free to let me know if you see any flow in my analysis, always ready to learn :)
HAPPY TRADING !!
This is not financial or investment advise.. I'm not a professional in the field.. this is just for fun :)
註釋
the 5th wave was truncated, but the short played out well :)
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