3309 Drysdale Ct
Edwardsville, IL 62025
$SPX - Chart Link- we also got a symmetry break
relative to the Jan 12th high - here's a 30 min
Does the 15 min Symmetry that we went above now become support
what I don't know is if this is a wave 4 or not needing a 5.
Waiting for Steve to chime in with an opinion - so far
there's only 3 waves up
Long ways to go to confirm any type of bottom - IWM strongest
would need 205 for starters (thus far just a normal wave 4 in
the 198-202 range) Biggest risk is still probably
Steve mentioned a 200 point move Possibility for a wave 4 up.
Yesterday's move was 190 off the low. I know we follow price but is
this cautionary as a new low ... or just too much conjecture?
Just trade what's in front of you - mapping this is extremely
subjective. Many should simply curtail or refrain from
trading without a clear cut low risk setup
If that's not enough, you also have the Russia/Ukraine situation
in the backdrop
Make no mistake, the key driver of the market of late is the FED
having moved to fight inflation into a SLOWING ECONOMY
In the same way that some older investors struggled with the
notion of a “fiscal put” in March 2020, they’re struggling with the
fact that we’re still going to get rate hikes even with stocks
being down. Gotta be careful with the pre-2020 markets/Fed playbook
thanks for the info Steve
Subscribe to our email list for regular free market updates
as well as a chance to get coupons!