SPX Wave 4 almost over

2 Eyl 2016

Looks like a Flat and triangle combination for wave 4 (from Brexit), missed that in my earlier chart.

Will BTFD when we get back to the red line and make a new low, should not drop below sub-wave 4 of wave 3 though... (2147)

This last move up will be huge, at least 120 points. Wave 1 and 3 were similar in length (~120 points each), which probably means wave 5 will be extended and the pullback after will be huge... will have to look at longer TF to confirm.

6 Eyl 2016

İşlem aktif

opened SPY 219 calls last Thursday. looks like a ABC-W-ABC zig zag n flat combo with a 5-3-5-3-3-3-5. the touch of 2155 last week would have been the end of wave 4 and we are currently building wave 1 of wave 5. wave 1 should end 2200s and we will see a wave 2 PB (not sure how deep) where i will BTFD every week on weeklies if I see a chance.

6 Eyl 2016

Not

currently completing wave 4 of wave 1 of 5. (complex structure)