I don't usually post but wanted to say thanks to Matt, Steve,
and everyone else here that provided their charts, guidance and
laughs. It was a tough trading week and I'm glad I spent it
with all of you peeps. Have great weekend everyone.
regarding the market I'm looking for IWM and QQQ to outperform
on a % basis on a continued bounce next week over the SPX.
wave structure, if this is wave C it's probably 1 of C, meaning
we have waves 2, 3, 4, 5 to go. SPX symmetry targets 4525, however
I could see maybe 4600.
IWM made a new low, a clear 5th wave low, so probably set to
bounce a larger % than the SPX
Posted by timebandit on 29th of Jan 2022 at 12:20 am
If 4525 is significantly exceeded, then the broken symmetry
would favor a higher low being made when a pullback comes. Not
guaranteed, but higher probability. Do I have that right?
I don't usually post but
Matt and Steve, just wanted to say thanks for all ...
Posted by pebs on 28th of Jan 2022 at 04:26 pm
I don't usually post but wanted to say thanks to Matt, Steve, and everyone else here that provided their charts, guidance and laughs. It was a tough trading week and I'm glad I spent it with all of you peeps. Have great weekend everyone.
thank you very much for
Posted by matt on 28th of Jan 2022 at 05:10 pm
thank you very much for the kind words!
regarding the market I'm looking
Posted by matt on 28th of Jan 2022 at 05:53 pm
regarding the market I'm looking for IWM and QQQ to outperform on a % basis on a continued bounce next week over the SPX.
wave structure, if this is wave C it's probably 1 of C, meaning we have waves 2, 3, 4, 5 to go. SPX symmetry targets 4525, however I could see maybe 4600.
IWM made a new low, a clear 5th wave low, so probably set to bounce a larger % than the SPX
If 4525 is significantly exceeded,
Posted by timebandit on 29th of Jan 2022 at 12:20 am
If 4525 is significantly exceeded, then the broken symmetry would favor a higher low being made when a pullback comes. Not guaranteed, but higher probability. Do I have that right?
I maybe wrong but looking
Posted by rareto25 on 28th of Jan 2022 at 06:00 pm
I maybe wrong but looking at recent past..Monday-Wednesday should bring a new low to SPX
VIX Hr