I spotted the coil first yesterday on the cash market and posted
it here multiple times. Clearly the coil is going to play out with
a big gap to the downside on the cash Market . On the Futures
Market the coil broke to the upside instead before the CPI data to
give an opportunity to Short for those who can play the Futures
markets . It would have been nice though if price had also popped
to the upside on the cash market and then reversed , oh well.
Take note of this guys - triangles are only found in Wave B or
Wave 4s and then next move after is terminal. Also see SPY
supply zone posted YESTERDAY 415 and BOOM BOOM
Save the mapping for later - way too confusing for most - will
review tonight. Trade what's in front of you. The trade
setup was a FADE after triangle completed
There are several viable options - one would be that wave 2
of 3 completed OR wave 2 of 3 is unfolding with
an A-B-C with wave A up completing pre-market then wave
B down then wave C up to complete.
Surprised by your comments below
SPX the longer this goes on the more likely we ...
Posted by steve on 13th of Sep 2022 at 08:33 am
Surprised by your comments below - market just needed to hook in a few more believers then RUG PULL
I'm positioning mentally (open mind).
Posted by fundamentalvalues on 13th of Sep 2022 at 08:39 am
I'm positioning mentally (open mind). Only position in play I have currently is the short with the system.
If these lower gaps get filled,longer term gotta have an open mind for a more bullish scenario. The gaps go all the way down to 3,674.
Okay but this was a
Posted by steve on 13th of Sep 2022 at 08:41 am
Okay but this was a textbook setup guys - wave 4 triangle PLAYED OUT with a wave 5 pop (terminal) prior to the news.
I spotted the coil first
Posted by matt on 13th of Sep 2022 at 08:51 am
I spotted the coil first yesterday on the cash market and posted it here multiple times. Clearly the coil is going to play out with a big gap to the downside on the cash Market . On the Futures Market the coil broke to the upside instead before the CPI data to give an opportunity to Short for those who can play the Futures markets . It would have been nice though if price had also popped to the upside on the cash market and then reversed , oh well.
Anyway nice entry short by the system.
Yeah, that coil was driving
Posted by timebandit on 13th of Sep 2022 at 09:00 am
Yeah, that coil was driving me nuts yesterday. And you’re right, the systems once again are right on the money
Take note of this guys
Posted by steve on 13th of Sep 2022 at 09:09 am
Take note of this guys - triangles are only found in Wave B or Wave 4s and then next move after is terminal. Also see SPY supply zone posted YESTERDAY 415 and BOOM BOOM
Steve excuse my ignorance, But
Posted by retirefire on 13th of Sep 2022 at 09:13 am
Steve excuse my ignorance, But does this imply the SPX has entered into either C down or worse? This is 1/3 of C? Thanks
Starting wave 3 down would
Posted by matt on 13th of Sep 2022 at 09:21 am
Starting wave 3 down would be the move to new lows we discussed
Save the mapping for later
Posted by steve on 13th of Sep 2022 at 09:21 am
Save the mapping for later - way too confusing for most - will review tonight. Trade what's in front of you. The trade setup was a FADE after triangle completed
There are several viable options
Posted by steve on 13th of Sep 2022 at 09:24 am
There are several viable options - one would be that wave 2 of 3 completed OR wave 2 of 3 is unfolding with an A-B-C with wave A up completing pre-market then wave B down then wave C up to complete.
Please avoid counts and trade the charts for now.
exactly - which is why
Posted by matt on 13th of Sep 2022 at 09:25 am
exactly - which is why we post patterns and trendlines primarily and only show potential counts rarely
got it, thanks.
Posted by retirefire on 13th of Sep 2022 at 09:21 am
got it, thanks.
CPI plus with gasoline dropping
Posted by retirefire on 13th of Sep 2022 at 08:53 am
CPI plus with gasoline dropping a buck is hotter than most imagined and likely higher than the 'NEW" accounting depicts.
Yes but rents and wages
Posted by steve on 13th of Sep 2022 at 08:55 am
Yes but rents and wages are much bigger components
Your mapping helped my confidence
Posted by fundamentalvalues on 13th of Sep 2022 at 08:47 am
Your mapping helped my confidence with the gaps also lower and 9 ma so much lower.
Nice charting Steve!
Thanks - the lack of
Posted by steve on 13th of Sep 2022 at 08:49 am
Thanks - the lack of liquidity in the market is astounding (100+ point move is 5 seconds)
100 point reversal in seconds
Posted by steve on 13th of Sep 2022 at 08:34 am
100 point reversal in seconds
WOWSER, solid on the system
Posted by retirefire on 13th of Sep 2022 at 08:40 am
WOWSER, solid on the system trade, nice
Nice!!!!!!!
Posted by kobie on 13th of Sep 2022 at 08:35 am
Nice!!!!!!!