EW analysis for SPX:
https://www.youtube.com/watch?v=iTK94Z6hk80. Also, note that
symmetry was broken to the downside since the October low as
detailed at
https://www.youtube.com/watch?v=DQ1Ad5u23mo. Because of
the trendline support on many stocks, a bounce seems to be coming
instead of a straightforward plunge to 3650 levels. However, a
bounce is likely to last only for a day into 3927 on /ESH23
because the stacked EMAs and high value of ADX. See a
screenshot. This looks to me like a beginning on a trending move of
wave 3 from February highs.
HYG and GLD are portraiting big flight to safety. We might have
gotten a catalyst for the move lower this week.
EW analysis for SPX: https://www.youtube.com/watch?v=iTK94Z6hk80.
Posted by junkie on 11th of Mar 2023 at 11:07 pm
EW analysis for SPX: https://www.youtube.com/watch?v=iTK94Z6hk80. Also, note that symmetry was broken to the downside since the October low as detailed at https://www.youtube.com/watch?v=DQ1Ad5u23mo. Because of the trendline support on many stocks, a bounce seems to be coming instead of a straightforward plunge to 3650 levels. However, a bounce is likely to last only for a day into 3927 on /ESH23 because the stacked EMAs and high value of ADX. See a screenshot. This looks to me like a beginning on a trending move of wave 3 from February highs.
HYG and GLD are portraiting big flight to safety. We might have gotten a catalyst for the move lower this week.
Junkie thanks and we often
Posted by rbreese on 12th of Mar 2023 at 08:57 am
Junkie thanks and we often bounce up coming into OPEX this third Friday of the month then roll over lower.