SPX : election blues

2016년 11월 8일

Whether the first wave from the low is over or not, the second wave is coming soon and targeting one is always a throw of the die. A second wave can go anywhere from stopping in a preceding 4th to fully retrace the preceding movement. So here are the levels to watch :

• 2123 to 2131 (preceding 4th)
  
• 2115
  
• 2106 (.618 retracement)
  
• 2083 (full retrace)
  

If one level is broken, the next becomes a magnet. Except the last one (full retrace), which invalidates the count if broken.

Three election outcomes could scrap all this wishful thinking : a Trump win, a democratic sweep, no clear winner. Anything else, we'll have a 2nd wave, followed by a third.

Happy trading

2016년 11월 9일

노트

Is the 2nd wave over ?

2016년 11월 9일

노트

In terms of level, it achieved the minimum requirement, but the 1st wave lasted about 2 days and a half. So a mere 4 hours seems a little short for the completion of a complete counter move.

2016년 11월 10일

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