Steve, I confirm your observation. 13286 is a target on /NQ next
(or after a move lower) to complete full 5 waves on 15-minute
charts. 5-minute waves will be waves of a smaller degree.
Steve, I see /NQ retesting 12930 like it did on 02/17 or 12/02.
I hold a small bet, which is not too probable but could be rather
profitable. My hunch is that wave 5 has been completed.
So this would be a double correction on /NQ. /GC is up a lot
today, which tells me that risks are elevated.
Edit: recovery to 13286 is expected before moving lower. I can
see a nearly completed 5 waves down on 15-min charts.
SPX 5 with Fibs
Posted by steve on 2nd of May 2023 at 03:11 pm
$SPX - Chart Link
Junkie - tricky here as
Posted by steve on 2nd of May 2023 at 03:49 pm
Junkie - tricky here as I see 5 small minute waves up on the SPX off the lows
Steve, I confirm your observation.
Posted by junkie on 2nd of May 2023 at 04:26 pm
Steve, I confirm your observation. 13286 is a target on /NQ next (or after a move lower) to complete full 5 waves on 15-minute charts. 5-minute waves will be waves of a smaller degree.
Steve, I see /NQ retesting
Posted by junkie on 2nd of May 2023 at 03:58 pm
Steve, I see /NQ retesting 12930 like it did on 02/17 or 12/02. I hold a small bet, which is not too probable but could be rather profitable. My hunch is that wave 5 has been completed.
So this would be a double correction on /NQ. /GC is up a lot today, which tells me that risks are elevated.
Edit: recovery to 13286 is expected before moving lower. I can see a nearly completed 5 waves down on 15-min charts.
3 waves down and A-B-C
Posted by junkie on 2nd of May 2023 at 03:13 pm
3 waves down and A-B-C up