How do you see and interpret this info …

So how do we do this with 60 min or 2 hr charts

Matt / Steve -  an image would probably make things easier ?

Thoughts on this - written as above

Matt / Steve in todays newsletter - please can you cover the potential options for wave counts

I also wanted to get your thoughts on this - 

It seems that on the 60 min SPX - we had a big move

Wave 1 - 6147 to 5504

Wave 2 - small bounce 5504 to 5785

Wave 3 - big drop - 5785 to 4835

Current bounce 

This bounce could be either primary up wave 5 or primary wave 1 down …

so evaluating this recent bounce from 4835 to 5477 for structure - it seems like this is a 3 wave up not 5 wave as we have a 1-4 overlap with move down today

So that would be a Wave 4 ?

Drop from 5477 - is this a wave 5 playing out with 1-2 completed and a dump coming tomorrow ?

I am short so I guess I am biased - would love your neutral thoughts - I work full time so trade on 60 min or higher chart 

That would be very helpful - I struggle with how to choose it and which candle top and bottom to use for it …

thank you !!

Thanks so what would we need to watch for to determine if this is a LD vs this bounce from 61.8 retracement is a wave 2 of the final wave down ? 

Matt / Steve - So since we broke the 5267 level, and there is no 60 min divergence at the bottom - so this means a wave 1-4 overlap so the bounce from last few days has been corrective ?

Is that the right way to look at it ?

if so does that mean one more wave down to be expected ?

Steve - after close please do share how to interpret this ?

Thank you Steve !!

Thank you - usually 60 min live stockchart doesn’t work but this one does ?

Vix coiling - 30 min on buy and 1 hour getting ready to jump 

Thanks Steve - what levels on SPX would be key to watch - please can you share a 15 or 60 min chart 

Interesting !! 

vix 30 min getting ready to close outside BB with a doji 

Matt - please could you share trading view link for this ?

What are these one min spikes Steve - Fed plunge protection teams from the past ?

That was a crazy spike 

Yes - was deeply underwater - as mkt continued to rise from Apr 2024 … 

Very painful - promised myself to not preempt the market - mostly breakeven and some nice profits … some losses kn FNGD ..

Not looking to experience that again … lesson learnt once again but want to take advantage of this opportunity..

The morning bounce was enough on the 60 min that SPX hourly will have a divergence if there is a new low .. 

trying to figure out what to watch for to determine if a new low is coming so I can take profit / cut losses on my 3X shorts from 2024 ..

Steve and Matt - what level should we be watching to see if this is going make a new low vs it’s a pullback to go higher ?