$SPX - Chart Link- so far we bounced from near
that primary pivot area, we'll see of that was wave c or not, how
it acts this afternoon will be telling
one possibility here is the move up in the morning was A, and
the small (abc) pullback intra day a B, and we are going up in C to
take out the high of A.
here's a 15 and 5 min chart to illustrate this, otherwise price
back to resistance now
again this is one possibility, you could have a more complex
structure etc
another good push tomorrow could have the SPY system exit back
to cash again.
the thing is, tomorrow is Friday, so I could see the market up
in the morning and that C to play out then but not sure how it
closes on a Friday, could be up morning to mid day then give back a
lot who knows
Update: SPX intra day
SPX intra day
Posted by matt on 13th of May 2021 at 02:02 pm
$SPX - Chart Link- so far we bounced from near that primary pivot area, we'll see of that was wave c or not, how it acts this afternoon will be telling
Update: Update: SPX intra day
Posted by matt on 13th of May 2021 at 03:00 pm
$SPX - Chart Link- gotta say that was a pretty good call of mine, the abc
so further expanding on that
Posted by matt on 13th of May 2021 at 03:07 pm
so further expanding on that 5 min abc pullback
one possibility here is the move up in the morning was A, and the small (abc) pullback intra day a B, and we are going up in C to take out the high of A.
here's a 15 and 5 min chart to illustrate this, otherwise price back to resistance now
again this is one possibility, you could have a more complex structure etc
thanks for the chart
Posted by watcdy on 13th of May 2021 at 03:19 pm
thanks for the chart
A symmetrical leg up would
Posted by lsherrer on 13th of May 2021 at 03:16 pm
A symmetrical leg up would reach near the 15-min 200-day MA. https://schrts.co/bgPADFVe
another good push tomorrow could
Posted by matt on 13th of May 2021 at 03:18 pm
another good push tomorrow could have the SPY system exit back to cash again.
the thing is, tomorrow is Friday, so I could see the market up in the morning and that C to play out then but not sure how it closes on a Friday, could be up morning to mid day then give back a lot who knows
The last 10 min reversal
Posted by kevindeng0727 on 13th of May 2021 at 04:20 pm
The last 10 min reversal could be it? C already higher than a
Matt, I especially like when
Posted by lsherrer on 13th of May 2021 at 03:44 pm
Matt, I especially like when you share your strategic thinking about what could be ahead.
Excellent trade and management. Kudos
Posted by retirefire on 13th of May 2021 at 03:35 pm
Excellent trade and management. Kudos to anyone who got out and back in for the ride back up.