This is my idea of how I believe the SP500 may behave. The larger drop should complete the inverse head and shoulders. And TVIX may have very big gains. GL
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Just one idea. The next couple trading days needs to show me if I am correct. I still think a small wave c needs to be completed and then one last push up to the 3,000 area before we get a much deeper wave 2 correction.
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SP500 update for May 21 2019My preferred count. I am guessing that this rolls over on Thursday night with the UK elections.
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SP 500 Correction finished?? I am not so sure.As you can see...the price has reached halfway between the .236 and .382% Fib. This is not right in my opinion. So I provided an idea to keep an eye on. I will first be watching for price to break above the upper little wedge line that I placed on this chart. Then I will be looking for a zig zag pattern to resemble a B wave. Then I would feel comfortable to expect a waterfall event for price movement down to the typical .618% Fib. That's my thoughts at this point.
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Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.