here is another idea, which would imply another move to the downside.
may 30th, is the day a new moon appears in the sky - new moons are historically very bearish for the markets.
there is a great possibility that spy goes lower using the current bounce as a wave 4.
could look for a rejection from either the 0.382,0.50,0.618,0.65 (when pulling a fib from the low, to the top of wave (2).
if this was to play out,
wave 5 target would sit between 3672~3644.75
may 30th, is the day a new moon appears in the sky - new moons are historically very bearish for the markets.
there is a great possibility that spy goes lower using the current bounce as a wave 4.
could look for a rejection from either the 0.382,0.50,0.618,0.65 (when pulling a fib from the low, to the top of wave (2).
if this was to play out,
wave 5 target would sit between 3672~3644.75
Nota
4h hidden bear ~also this little indicator i use is flashing a 4h sell up here; last few times it did this, it called the tops almost perfectly
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the use of this account has been discontinued.
Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.