A double-three complex correction probably plays out in the S&P 500.
The last leg down (from the March 13th top) counts as an impulse to the downside. Its fractals show alternation between an irregular flat subminuette wave ii (shallow and complex) and a big swinging wave iv (sharp and simple). Subminuette wave v probably ended in a dirty manner with a very small micro wave 4(circle).
The alternative scenario shows an extension of subminuette wave iv. It is possible but not necessary and leads to a retest of the February 2018 low. Both versions continue to imply a sharp rally during the remainder of April 2018. A deeper correction will probably play out inside minute wave ii(circle) of the black scenario due to cross-market correlation projection.
The main arguments for this short-term forecast here are: Wave action from February 7th- February 9th is a zigzag. The subsequent wave action to the upside counts best as an impulse (from Feb. 9th) followed by a 3-wave move (from March 2nd) to the upside. There is no such Elliott wave pattern, which qualifies as complete. Hence, we need to see some more wave action to the upside to complete the pattern.
Price action to the downside left quite a few opening gaps on the chart. These got filled quite reliably historically.
The technical analysis case here is strong for a push at least near the all-time high. Alternatively, the S&P 500 topped and traces out some leading diagonal to the downside (much lower odds and still big retrace to upside likely).
The last leg down (from the March 13th top) counts as an impulse to the downside. Its fractals show alternation between an irregular flat subminuette wave ii (shallow and complex) and a big swinging wave iv (sharp and simple). Subminuette wave v probably ended in a dirty manner with a very small micro wave 4(circle).
The alternative scenario shows an extension of subminuette wave iv. It is possible but not necessary and leads to a retest of the February 2018 low. Both versions continue to imply a sharp rally during the remainder of April 2018. A deeper correction will probably play out inside minute wave ii(circle) of the black scenario due to cross-market correlation projection.
The main arguments for this short-term forecast here are: Wave action from February 7th- February 9th is a zigzag. The subsequent wave action to the upside counts best as an impulse (from Feb. 9th) followed by a 3-wave move (from March 2nd) to the upside. There is no such Elliott wave pattern, which qualifies as complete. Hence, we need to see some more wave action to the upside to complete the pattern.
Price action to the downside left quite a few opening gaps on the chart. These got filled quite reliably historically.
The technical analysis case here is strong for a push at least near the all-time high. Alternatively, the S&P 500 topped and traces out some leading diagonal to the downside (much lower odds and still big retrace to upside likely).
評論:
Raising s/l to 2611 = yesterday's low
評論:
Let this baby run!
Setting s/l at entry level.
This is now a free call option (subject to execution risk of s/l)
Setting s/l at entry level.
This is now a free call option (subject to execution risk of s/l)
手動結束交易:
plusminus 0
The best alternative count remains a bottom on April 2nd, which completes minor wave 4. It is still possible but requires either an expanding leading diagonal (depicted in red) or a 1-2-1-2-3 to the upside.