$SPX - Chart Link- that pullback yesterday was
some sort of wave 4, however it was most likely a sub wave iv and
not the larger 4 as shown on the chart. That pullback was not long
enough to be a wave 4, was only 1/2 a day vs the wave 2 which was
almost 2 days, so that's why I view it as a smaller degree wave iv,
and this move as a wave v, once it ends, then we'll see that larger
degree 4
so basically we are likely still in that wave 3 (yesterday's
pullback was wave iv of 3) and now we are in wave v of 3. The next
pullback should still form a higher low wave 4 of some sort, then
yet another move up. But that wave 4 will last longer than 2 hrs
LOL
$SPX - Chart Link- as I said this morning,
yesterday's pullback was likely a sub wave iv of 3, and the pop to
a new high this morning was a sub wave v of 3.
yeah that hi mid lo short system does NOT try to hold trades, it
doesn't have a trending component, it exits simply after a
reversion to mean pullback - so it would likely exit on that wave 4
pullback would be my guess
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SPX 30 min count update
Posted by matt on 15th of Nov 2022 at 09:37 am
$SPX - Chart Link- that pullback yesterday was some sort of wave 4, however it was most likely a sub wave iv and not the larger 4 as shown on the chart. That pullback was not long enough to be a wave 4, was only 1/2 a day vs the wave 2 which was almost 2 days, so that's why I view it as a smaller degree wave iv, and this move as a wave v, once it ends, then we'll see that larger degree 4
so basically we are likely still in that wave 3 (yesterday's pullback was wave iv of 3) and now we are in wave v of 3. The next pullback should still form a higher low wave 4 of some sort, then yet another move up. But that wave 4 will last longer than 2 hrs LOL
Update: SPX 30 min count update
Posted by matt on 15th of Nov 2022 at 01:23 pm
$SPX - Chart Link- as I said this morning, yesterday's pullback was likely a sub wave iv of 3, and the pop to a new high this morning was a sub wave v of 3.
could be staring the LARGER wave 4 now
Keep an open mind guys
Posted by steve on 15th of Nov 2022 at 01:38 pm
Keep an open mind guys - that pullback yesterday may have completed wave 4 of C and today was Wave 5 (have to see the extent and nature of pullback)
SPY puts 70 cents to
Posted by arun on 15th of Nov 2022 at 01:43 pm
SPY puts 70 cents to 3$ just like that :-)
Nice! Good day to be
Posted by DigiNomad on 15th of Nov 2022 at 01:46 pm
Nice! Good day to be long premium! My short premium trades are up nicely, but nothing like that, because vol is working against me.
Update: SPX 30 min count update
Posted by matt on 15th of Nov 2022 at 10:49 am
$SPX - Chart Link- as I commented earlier, we are likely working on this v of 3
I know it's early, so
Posted by retirefire on 15th of Nov 2022 at 09:39 am
I know it's early, so the ES H<M<L system may play a choppy wave 4 triangle. Take profits if I play
yeah that hi mid lo
Posted by matt on 15th of Nov 2022 at 09:41 am
yeah that hi mid lo short system does NOT try to hold trades, it doesn't have a trending component, it exits simply after a reversion to mean pullback - so it would likely exit on that wave 4 pullback would be my guess