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

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