$SPX - Chart Link- once this wave 5 completes,
we should get a higher degree bounce/rally, last longer than 2
days.
with 5 waves down, the bearish view would have the next rally
that forms a lower high unfold in an abc 3 wave structure
as a wave 2 with this move down being wave 1 - and would be one
hell of a shorting opportunity as you would start wave 3 down
to new lows
Posted by fredsaid on 22nd of Dec 2022 at 02:33 pm
Sorry had taken a nap. 2nd entry on CCI - Hope it holds -
All aboard ! I'm thinking 379.79 should be a good closing
level followed by a rip your face off rally tomorrow. Closed
Monday right ?
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Update: SPX 15 min
SPX 15 min
Posted by matt on 22nd of Dec 2022 at 01:00 pm
$SPX - Chart Link- once this wave 5 completes, we should get a higher degree bounce/rally, last longer than 2 days.
with 5 waves down, the bearish view would have the next rally that forms a lower high unfold in an abc 3 wave structure as a wave 2 with this move down being wave 1 - and would be one hell of a shorting opportunity as you would start wave 3 down to new lows
Matt, do you think the
Posted by racerick on 22nd of Dec 2022 at 01:11 pm
Matt, do you think the Gap fill will be bottom of waqve 5 or we just wait for up trend?
it's filled
Posted by matt on 22nd of Dec 2022 at 01:15 pm
it's filled
Thanks Matt, I look forward
Posted by fundamentalvalues on 22nd of Dec 2022 at 01:06 pm
Thanks Matt, I look forward to seeing what the systems say as things unfold.
the ones that were not
Posted by matt on 22nd of Dec 2022 at 01:07 pm
the ones that were not able to exit yesterday will exit on the next rally after we put in this wave 5 low
otherwise yesterday would have been nice to officially lock in 1/2 of the Strap as I wrote, maybe a few did it on their own hopefully
otherwise today the CCI on SPY is looking to take a 2nd entry
I finally got everything opened
Posted by matt on 22nd of Dec 2022 at 01:17 pm
I finally got everything opened back up on Tradestation - had crashed earlier, unsurprisingly
the only trade I see at this time is a 2nd entry on CCI
Sorry had taken a nap.
Posted by fredsaid on 22nd of Dec 2022 at 02:33 pm
Sorry had taken a nap. 2nd entry on CCI - Hope it holds - All aboard ! I'm thinking 379.79 should be a good closing level followed by a rip your face off rally tomorrow. Closed Monday right ?