Analysis Method: Fibonacci & Wave Theory
Please 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
I believe we are seeing the end of the 'B Wave'.Not
Extending Wave 1 (Hourly)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
Flat Corrections usually terminate around 100% & 123.6% Level respectively...Not
Above: Daily ChartNot
Above: 3 Minute Wave CountNot
Above: Sub-Micro SequenceNot
Sub-Micro Retrace LevelsNot
Double Flat CorrectionNot
No real support here unless the Private Fed can pump...Not
New Wave Sequence should be forming now...Not
Could be another big down day...We will find out soon...
Not
Watch the futures...Not
Headline: STOCKS SURGE ON BETS CENTRAL BANKS TAKE ACTIONto fight a biological virus...
Not
Price-action is Trapped in the 'Ending Diagonal'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
Should be beginning a new wave sequence down...Not
We are about to drop...Not
Target: $303-$301Not
If $301 breaks look to $298...Not
We should be turning extremely hard....Not
Looking for a Minor Wave 3 to begin...Not
We got the turn I was looking for...Not
$3,031 is a Key Level.Not
If $3,031 breaks look to...Not
$3,012Not
Then $2098.50Not
*Correction $2928Not
5 Minute Count (Above)Not
Moving Averages:EMA 33 Green
EMA 50 Yellow
Not
EMA 300 RedNot
Estimate Micro-Wave 3 Target Area: $2980-$2928.50Timeframe: <7 Hours
Not
Fed Suicide Watch...Interest Rates going to Zero...
Not
Fed credibility gone...Not
Going to create new Hourly thread.Not
Should be picking up momentum to the downside...Not
Immediate Target: $2984.25 - $2923.75İlgili 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.
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.