Heads up on Market now - as SPX is nearing a major inflection
point. Under the bearish view, today's bounce (may extend
some more) is a Wave 2 of Wave 3/C down which will be followed by a
vicious decline once this bounce completes. Bullish view is
that we completed an abc down for Wave 4 with one more push up to
new highs recovery highs off the March low. MAJOR INFLECTION
point so be on alert
ES moved up overnight to the supply (2863) posted yesterday
where it found resistance and reversed down. Question now is
if SPX holds and gets another bounce up (abc)
Steve, or Matt, this will be very useful to have in nightly
newsletters to help guide us members. tks in advance,
giving support and resistance on daily and 2 hrly charts will
be helpful, unless its there and Im missing them. been very
worned out lately and reading the newsletters late at night when
dead beat.
Heads up on Market now
SPX educational 5 and 1 min
Posted by steve on 14th of May 2020 at 04:02 pm
Heads up on Market now - as SPX is nearing a major inflection point. Under the bearish view, today's bounce (may extend some more) is a Wave 2 of Wave 3/C down which will be followed by a vicious decline once this bounce completes. Bullish view is that we completed an abc down for Wave 4 with one more push up to new highs recovery highs off the March low. MAJOR INFLECTION point so be on alert
Thanks Steve ! stepped into
Posted by RP on 14th of May 2020 at 04:07 pm
Thanks Steve ! stepped into VXX calls at close
ES has a supply zone
Posted by steve on 14th of May 2020 at 04:04 pm
ES has a supply zone at 2863-2880
ES moved up overnight to
Posted by steve on 15th of May 2020 at 08:27 am
ES moved up overnight to the supply (2863) posted yesterday where it found resistance and reversed down. Question now is if SPX holds and gets another bounce up (abc)
Steve, or Matt, this will
Posted by imelhoe on 14th of May 2020 at 04:21 pm
Steve, or Matt, this will be very useful to have in nightly newsletters to help guide us members. tks in advance, giving support and resistance on daily and 2 hrly charts will be helpful, unless its there and Im missing them. been very worned out lately and reading the newsletters late at night when dead beat.
today es retrace 50% of
Posted by bbfin on 14th of May 2020 at 04:07 pm
today es retrace 50% of last week hi may be we'll see 61.8% as tomorrow gap up
Yes ES 2853 was 50%
Posted by steve on 14th of May 2020 at 04:09 pm
Yes ES 2853 was 50% Fib with 2876 .618 Fib
OPEX action this week with
Posted by steve on 14th of May 2020 at 04:10 pm
OPEX action this week with large swing in both directions