SuperciliousOne

5th Wave Down Coming...but just the end of the begining

AMEX:SPY   SPDR S&P 500 ETF TRUST
1
Given the recent volatility in the market I think we are at the 4th wave of a 5 wave correction that should end next week, before we get a sharp rebound back to .618 of the move to end a larger Wave #1 around the1945's in what I expect to be a big correction down to the 1,550 level in the S&P500 as part of a 3rd Wave down. If by chance we rally past 1945 level I could see a blow-off type top that I would look to sell long positions into. There are a ton of large cap stocks that have yet to breakdown and when they do the S&P500 will come with it.
면책사항

이 정보와 게시물은 TradingView에서 제공하거나 보증하는 금융, 투자, 거래 또는 기타 유형의 조언이나 권고 사항을 의미하거나 구성하지 않습니다. 자세한 내용은 이용 약관을 참고하세요.