#VolatilityWatch ES1, SPX, SPY, #Tech #retail
Many are saying it but earnings will shine light on DARK places of the future US economy.
Elliott wave -> corrective ascending triangle.
i see what most of you see but am having difficulty with that inner wave iii of my (C) wave. As the rule states, wave 3 can't be the shortest. in fact wave 3 of 3's are usually the longest. The count on this inner 3rd wave's, 3rd wave -- looks as if they are shorter than it's complimentary (1)st & (5)th... Which makes me see this a Triangle corrective type -- of ASCENDING order 3-3-3-3-3 count; (Top flat, bottom rising).
I am also watching equality 100% FIBO (current resistance)--> am NOT ruling out a break through (e) I have seen them overshoot in both directions.. and $3000/3040 level is a nice psychological level to turn more bears into castrated bulls.
Recently did another analysis on APPLE. Major tech stocks and retail in corrective territory. Please like if you want more.
Disclosure: This is not a recommendation to buy or sell. Trading stocks is risky.
Elliott wave -> corrective ascending triangle.
i see what most of you see but am having difficulty with that inner wave iii of my (C) wave. As the rule states, wave 3 can't be the shortest. in fact wave 3 of 3's are usually the longest. The count on this inner 3rd wave's, 3rd wave -- looks as if they are shorter than it's complimentary (1)st & (5)th... Which makes me see this a Triangle corrective type -- of ASCENDING order 3-3-3-3-3 count; (Top flat, bottom rising).
I am also watching equality 100% FIBO (current resistance)--> am NOT ruling out a break through (e) I have seen them overshoot in both directions.. and $3000/3040 level is a nice psychological level to turn more bears into castrated bulls.
Recently did another analysis on APPLE. Major tech stocks and retail in corrective territory. Please like if you want more.
Disclosure: This is not a recommendation to buy or sell. Trading stocks is risky.
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