for that wave 5 to extend you need to form a higher low cannot
go below that 4049 area and really below 61.8% Fib is getting a bit
too deep. Or wave 5 is in and we are now in a larger ABC pullback
again, or something else
Well stated - have to keep open to a subdivide until that point.
They didn't run the highs at 4195 SPX so that remains a
target IF the bulls can hold and recover
DVDS systems short update
Posted by matt on 2nd of May 2023 at 10:02 am
update on the open DVDS short - that stop out is getting closer - the DVDS indicator is now 0.955, stop out level is > 0.98
for a few of you
Posted by matt on 2nd of May 2023 at 10:51 am
for a few of you who held the short - you must be feeling better, now 50% into Thursdays big move
The subsystem will not give
Posted by junkie on 2nd of May 2023 at 11:21 am
The subsystem will not give a losing trade! It is perfect!
Seriously, this dropback was expected before another push higher based on an EW wave count for wave 2 down or A-B-C down.
We'll let master Steve give
Posted by matt on 2nd of May 2023 at 11:22 am
We'll let master Steve give an update on potential wave counts
for that wave 5 to
Posted by matt on 2nd of May 2023 at 11:24 am
for that wave 5 to extend you need to form a higher low cannot go below that 4049 area and really below 61.8% Fib is getting a bit too deep. Or wave 5 is in and we are now in a larger ABC pullback again, or something else
Ya 4050 is an ender
Posted by fredsaid on 2nd of May 2023 at 11:31 am
Ya 4050 is an ender for sure. If we lose 4050, that's all she wrote and sell in May came early.
A PSAR based stop is
Posted by junkie on 2nd of May 2023 at 11:55 am
A PSAR based stop is at 4068 for longs on /ES.
Well stated - have to
Posted by steve on 2nd of May 2023 at 11:28 am
Well stated - have to keep open to a subdivide until that point. They didn't run the highs at 4195 SPX so that remains a target IF the bulls can hold and recover
Matt, you're such a tease,
Posted by crossharry on 2nd of May 2023 at 10:28 am
Matt, you're such a tease, it's uncanny how often your systems take us to the brink - to hell and back, baby!