SPX update
if the price close over the channel that means wave 5 is actually done / to make sure we need to reclaim the resistance around 3700 / going above wave 4 will make me 99% sure that we will have a good bounce.
another scenario is wave 5 is not done yet
Zoom out
scenario 1
scenario 2
scenario 3
I'm watching the confirmation for the second scenario / the first & second scenarios are very similar and take us in the same direction at the end
the 3rd scenario is the bullish one I will wait for confirmation then I will make an update
overall I'm bearish but yeah there's a chance for a bounce in the mid-term
another scenario is wave 5 is not done yet
Zoom out
scenario 1
scenario 2
scenario 3
I'm watching the confirmation for the second scenario / the first & second scenarios are very similar and take us in the same direction at the end
the 3rd scenario is the bullish one I will wait for confirmation then I will make an update
overall I'm bearish but yeah there's a chance for a bounce in the mid-term
Not
30m frame S&P futures
for now, it looks like a corrective wave, not an impulse
Not
The more powerful the relief rally gets, the more brutally it will get retraced.Not
look like scenario 1 is active but there is still a chance for scenario 2 to playthe last move may be a flat wave that continues rising or the beginning of wave 3 from 5
by the market closing today we will know more
Not
This is how the flat wave could look likeI will go on with this scenario, it's the same idea as scenario 2 above
Not
usually wave B takes the same time or less than A to completedit took 5-6 days for A
the wave C which contains 5 waves will take longer
don't expect a big relief rally
~3900 will be a good resistance
if you want to know why I chose scenario 2 read the text at the beginning of this idea
Not
it was a pretty crazy dayI will show you my idea for the previous & next micro-movements
I detailed the wave B which has 3 movements inside (a,b,c) so I think the wave b is a flat wave inside bi / expanded flat to be clear
Not
To make it more understandableNot
the last update failedit was going good until it went above the red line
anyway that was a micro-movement the main idea is scenario 2 in the beginning
I will put the chart here
Not
this is how the micro scenario look this A,B,C is a part of wave 2
look at the last update to understand
Not
alphabet Earning & Revenue is after 35m + Microsoft I don't think google E & R will be bullish
There is another scenario besides the one above but I didn't share it cuz the movement is more bullish
the other scenario is we are forming 5 waves from A
for now, the micro scenario is the chart in the previous update
Not
quick update the movement is still in the scenario range
still active
Not
UPDATEİşlem kapandı: durdurma seviyesi
I'm still bearish this is a micro move, properly the last corrective didn't finish (wave 2)
I will make an update soon as possible
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.