Good afternoon everyone! I'm sure your all wondering what's going on with the market, given that the DOW had its largest gain in history yesterday.
Yesterday screamed an impulsive wave and short squeeze to me. My current counts are showing we are in the midst of a correction higher. There are two counts I'm tracking.
My primary count (1hr) shows us completing a zig-zag correction (wave 4) in the area of the highlighted oval. This count is invalidated above 253.58 in $SPY. When price enters the area I will look for signs of pattern completion.
My alt count shows that we might have completed a larger wave 3 and we could see further upside than the previous count. The invalidation for this count is 258.68.
Either way, the probabilities are pointing to more upside.
Yesterday screamed an impulsive wave and short squeeze to me. My current counts are showing we are in the midst of a correction higher. There are two counts I'm tracking.
My primary count (1hr) shows us completing a zig-zag correction (wave 4) in the area of the highlighted oval. This count is invalidated above 253.58 in $SPY. When price enters the area I will look for signs of pattern completion.
My alt count shows that we might have completed a larger wave 3 and we could see further upside than the previous count. The invalidation for this count is 258.68.
Either way, the probabilities are pointing to more upside.
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這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。