SPY - EW: Alt Count | Wave B finished Rotating into wave C
Today's gap down and further push down makes me believe we have the high's in. The tell will be this move up once we finish this W4 --> W5.
I took 416 calls at the end of the day on that low. I might have gotten the wrong expiry however we will see. Took 416C 8/24 @ 1.34
Looking for this wave 4 to finish tomorrow Tuesday 8/23/22 and rotate down in wave 5 to end 8/24-8/25.
I'm trading this chart until the move for higher degree wave 2 gets invalidated. This allows me to be conservative and not run on hope that we make higher highs. Will continue to hold some runners if we push higher than previous high.
We will see how this wave 5 down trades.
Key area's im watching:
Up | 416.23, 418.61, 420.53
Down | 412, 411, 410
Good Luck Traders!!
I took 416 calls at the end of the day on that low. I might have gotten the wrong expiry however we will see. Took 416C 8/24 @ 1.34
Looking for this wave 4 to finish tomorrow Tuesday 8/23/22 and rotate down in wave 5 to end 8/24-8/25.
I'm trading this chart until the move for higher degree wave 2 gets invalidated. This allows me to be conservative and not run on hope that we make higher highs. Will continue to hold some runners if we push higher than previous high.
We will see how this wave 5 down trades.
Key area's im watching:
Up | 416.23, 418.61, 420.53
Down | 412, 411, 410
Good Luck Traders!!