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

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