SPY AB=CD Bullish ES1

2020年9月8日

Leg C 337.73 requirement met (.786)
Leg D 378.49 active target (1.618)

The target appears exaggerated.
But we have extremely overvalued tech stocks chasing new highs with no end in sight regarding;
Fed Corporate Bond buying,
Inflation talk (first time I can recall),
No reports of REPO activity with recent healthy dip.

Origination 332.01 exceeded negates the study

GLTU!

2020年9月10日

交易結束：達到停損點

Closed, origination exceeded.
Interestingly 3300 held so well we are already back in 3400 range. Also a trend line from June held at that 3300 dip.

The current demarc is 3400 and next stop 3470 facing 3500plus.

I would expect price action in the 3400-3470 range if the asia session can keep it together. Other wise it could chase back down some.

Gltu!