es 5-26 update part #2

26 May 2022

here is another idea, which would imply another move to the downside.

may 30th, is the day a new moon appears in the sky - new moons are historically very bearish for the markets.
there is a great possibility that spy goes lower using the current bounce as a wave 4.

could look for a rejection from either the 0.382,0.50,0.618,0.65 (when pulling a fib from the low, to the top of wave (2).

if this was to play out,
wave 5 target would sit between 3672~3644.75

26 May 2022

Not

4h hidden bear ~


also this little indicator i use is flashing a 4h sell up here; last few times it did this, it called the tops almost perfectly