Here is my thought on SPX. You all thought I went all permabull, but I was referring to this potential bounce out of this wedge that we are now witnessing.
I believe it is a leading diagonal, a completed 1st impulse wave down and we are now correcting it.
We have reached the 38.2% fib today, which is enough, but today did not feel "toppy." We may push up to the 50% or even the 61.8%.
That said, leading diagonals are just as dangerous as ending diagonals. We can fall hard at any time.
I believe it is a leading diagonal, a completed 1st impulse wave down and we are now correcting it.
We have reached the 38.2% fib today, which is enough, but today did not feel "toppy." We may push up to the 50% or even the 61.8%.
That said, leading diagonals are just as dangerous as ending diagonals. We can fall hard at any time.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.