SPX near term targets: S&P500 Bounce Watch (15 min chart)

2019年6月5日

Part of my ongoing analysis of the SPX.

SPX bounced from the exact zone anticipated in last analysis (click).
This is a short term plot to observe the bounce going into NY open.
The bounce looks "Impulsive" for sure, so am looking for 5 waves.

The Elliott Wave path is just a rough guess.
But the Fib Zones are solid areas of concern.
Reaction at each zone will be telling of strength.

This method help me spot the recent Top
Also helped spot the Top in October 2018

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See some of my other plots and trade calls below.
I also plot Forex and Crypto, take a look at my profile page.

FaceBook bounce
Twitter bounce
NetFlix bounce
Amazon scalp
Gold long
Silver long
Oil long

Of course, I have had total FAILS on some ideas too, not going to pretend.
But all of my plots show PRECISE entries, TIGHT stops, and EXACT targets.
Precision is the way of the Fib. Almost every turn happens at a Fib Line.

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2019年6月5日

註釋

So far so good, but wave 5 might get truncated gap down after hours, not sure why, prolly some Trade War development. Still hanging on the fib, so lets see if it goes another band up.

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2019年6月6日

註釋

Just hit first target in UK session, waiting to see the reaction (if any)

2019年6月6日

註釋

Zoomed in we see the exact reaction to bottom of resistance zone plotted

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2019年6月6日

註釋

Looks like a completed Impulse wave going into NY open

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2019年6月6日

註釋

Higher tf fib from my previous Idea that was looking for this bounce from the green zone Another hint of possible bounce completion with prefect reach into the band.

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2019年6月6日

註釋

Final Target hit towards end of US session

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2019年6月6日

註釋

Awe Inspiring Beauty 500 companies, with x00 variable each, xMillion investors each, yet the average price turns on a Dime ... err, PENNY !

WOW

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