Bearish Wolfe Wave

21 Mar 2023

Expecting distribution around the 398-401 level through the FOMC and then begin drop Thursday.

Downside target is 375 by March 31st.

23 Mar 2023

Yorum

Playing out as expected so far. Looking for a rejection here in the 396-398 range and then next stop on the path down to 375 is 385-388. After 385-388, likely will see dead cat bounce and then continuation down into the 370s

28 Mar 2023

Yorum

Explosive downside toward target from here, could consolidate briefly in the mid 380s