SPY is going down these next two months 🧨🔨
In Elliott Wave Theory there are only two kinds of moves: Impulses, and Corrections.
We can all agree that since November, this grind up is not an impulse,
which means... that this is a correction.
Wave B's are nicknamed "The Suckers Rally"
and boy are there a lot of suckers, including myself lol.
VPVR points to a retest of last years high (big money buy zone)
>Max Pain next month is at 375
>Max Pain the month after is at 369
>It would also explain the HUGE bearish divergence since September.
I'm rolling with this count, as it is the only one that makes sense from a textbook perspective.
Todays idea is also in line with the first bearish outlook I ever gave spy on Jan 23rd.
We can all agree that since November, this grind up is not an impulse,
which means... that this is a correction.
Wave B's are nicknamed "The Suckers Rally"
and boy are there a lot of suckers, including myself lol.
VPVR points to a retest of last years high (big money buy zone)
>Max Pain next month is at 375
>Max Pain the month after is at 369
>It would also explain the HUGE bearish divergence since September.
I'm rolling with this count, as it is the only one that makes sense from a textbook perspective.
Todays idea is also in line with the first bearish outlook I ever gave spy on Jan 23rd.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.