_SPX f 30 min a counts - Chart Linkshows a
potential 5 waves down (notice the abc 3 wave on the 4th wave).
This count was first pointed out by sjohnson, could be 5 of
wave A.
if that's the correct count then this is probably the B
wave
I had bought that guys, didn't catch lows but after a reversal
and seeing 5 waves, assuming this is wave B, should retrace 50% to
61.8%
plus that flush was a news catalyst helicopter blowing out of
sky by Iran, in my experience those lately have caused quick
flushes then quick reversals, otherwise the 5 clear waves is pretty
obvious
SPX 30 min potential count
Posted by matt on 9th of Jun 2026 at 01:37 pm
_SPX f 30 min a counts - Chart Linkshows a potential 5 waves down (notice the abc 3 wave on the 4th wave). This count was first pointed out by sjohnson, could be 5 of wave A.
if that's the correct count then this is probably the B wave
symmetry in the 3 & 5
Posted by sschilmeister on 9th of Jun 2026 at 01:55 pm
Roughly same # of pts down... was the same in QQQ too within a few cents.
I had bought that guys,
Posted by matt on 9th of Jun 2026 at 01:44 pm
I had bought that guys, didn't catch lows but after a reversal and seeing 5 waves, assuming this is wave B, should retrace 50% to 61.8%
plus that flush was a news catalyst helicopter blowing out of sky by Iran, in my experience those lately have caused quick flushes then quick reversals, otherwise the 5 clear waves is pretty obvious
anyway we'll see.... Like I said
Posted by matt on 9th of Jun 2026 at 01:50 pm
anyway we'll see....
Like I said on Monday, don't force trades
I think a couple other mean reversion systems were showing potential new longs at the lows, I'm reopening those worksapces to see what's showing