Inizia
thienlovv

Bear Squuuueeze?

Long
Futures E-mini S&P 500 (CME_MINI:ES1!)  
thienlovv Aggiornato   
CME_MINI:ES1!   Futures E-mini S&P 500
Elliott Wave S&P 500 E-Mini Futures SPDR S&P 500 ETF (SPY)
8
55
elliottwaves es1! spy
This will squeeze all of the mothers of bears if this plays out.
Commento:
Right now we have a bear divergence. Expect a pull back to trap.
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Commento:
As long as RSI is above 40
Commento:
ES has nice setup for continuation. There is a hidden divergence I found.
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Commento:
So far this still plays out. Retraced 0.618. I entered at $3674. Stop loss at $3625.

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Commento:
We got a problem. This might be a Leading Diagonal. Not sure if this will be ABC or 12345. If we take out $3625, this will be super bearish.
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Commento:
For bear case, looks like bears win. If this continues to $3520, we are going to short at $3800 to $2200. This is going to be it.
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Commento:
If SPY couldn't hold $360, I expect it would bounce it at $350 and reject at $410 in middle of November. $400 is is 0.618 of the retracement. We can short there.
This is my plan I would like to share.
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