SPY - The Crash - Part 7
SPY remain a STRONG SELL.Analysis Method: Fibonacci & Wave Theory
SPX has completed a 143 Year Super-CyclePlease see previous analyses for further information.
This is a continuation of the SP500 analysis that was started July, 2018.
SPY has completed a 5 Wave Super-Cycle (143 years) and is now in a correction phase.
An 'Irregular Correction' is when the B Wave exceeds the Terminal 5th Wave.
It is my opinion, the Private Federal Reserve is running out of monetary 'ammo'. The private bank can no longer raise interest rates and is now being forced to cut rates in an objectively 'good economy'.
All gains can directly be correlated to the Private Federal Reserve's monetary injections.
The Hedge: Cryptocurrency
Analysis Method: Wave Theory & Fibonacci
143 Year Super-Cycle:
Wave Theory Rule: 2/3 Impulse Waves will near equality
Irregular Correction are most often observed after a Wave Cycle with a Double Extension
Waves 3 & 5 both extended.
Will update.
FMW
Not
Not
I believe we are seeing the end of the 'B Wave'.Not
Not
Extending Wave 1 (Hourly)Not
Not
Not
$2829 is a key level...Not
If $2829 breaks look to $2768...Not
If 2829 holds, look for a correction sequence.Not
Based on the price-action, it looks like we will break 2829.Not
Not
Flat Corrections usually terminate around 100% & 123.6% Level respectively...Not
Not
Not
Let's see whats going on today...Previous analysis chart:
Not
Above: Daily ChartNot
Not
Above: 3 Minute Wave CountNot
Not
Not
Above: Sub-Micro SequenceNot
Sub-Micro Retrace LevelsNot
Not
Added Fib-Time:Not
Not
Sub-Micro Wave Failed...Not
Double Flat CorrectionNot
Not
Starting to finally close Gaps...Not
And just like that...Back to the level before the REPO OP began...
Not
Not
Not
No real support here unless the Private Fed can pump...Not
New Wave Sequence should be forming now...Not
Not
Not
Could be another big down day...We will find out soon...
Not
Watch the futures...Not
Not
Headline: STOCKS SURGE ON BETS CENTRAL BANKS TAKE ACTIONto fight a biological virus...
Not
Price-action is Trapped in the 'Ending Diagonal'Not
Not
(Bloomberg) -- U.S. stocks surged as investors gained confidence that stewards of the world’s largest economies would act in concert to offset any impact from the spreading coronavirus.Not
The S&P 500 jumped more than 3%, the most in a year, after news that Group of Seven finance ministers and central bankers will hold a teleconference Tuesday to discuss how to respond to the outbreak. Tech shares led gains after seven straight days of declines for the benchmark index, with monetary policy makers from Japan to England joining the Federal Reserve in promising to take action to support their economies if needed.Not
In other words...'Lets Accelerate the Destruction of Value in our Currency'Not
While Interest Rates plummet...Not
Weekly:Not
Not
Not
Should be beginning a new wave sequence down...Not
30 Second Wave Sequence...Not
Not
We are about to drop...Not
Not
Target: $303-$301Not
If $301 breaks look to $298...Not
Not
Not
Not
Another Correction...1 Minute Chart:
Not
Still back in the 'ending diagonal'...Not
Not
Monthly Chart:Not
Wave Count:Not
Target Area:(If 'B Wave' has ended)
Not
We should be turning extremely hard....Not
Looking for a Minor Wave 3 to begin...Not
Not
Not
We got the turn I was looking for...Not
$3,031 is a Key Level.Not
Daily Chart Update:Not
Not
If $3,031 breaks look to...Not
$3,012Not
Then $2098.50Not
*Correction $2928Not
Not
5 Minute Count (Above)Not
Not
Moving Averages:EMA 33 Green
EMA 50 Yellow
Not
EMA 300 RedNot
Not
Not
Estimate Micro-Wave 3 Target Area: $2980-$2928.50Timeframe: <7 Hours
Not
Not
Not
Not
Not
Fed Suicide Watch...Interest Rates going to Zero...
Not
Fed credibility gone...Not
Not
Going to create new Hourly thread.Not
Not
Not
Should be picking up momentum to the downside...Not
Not
Immediate Target: $2984.25 - $2923.75Not
Not
Please Follow New Thread Here:
İlgili yayınlar
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.
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.