SPY - The Crash - Part 7
SPY remain a STRONG SELL.Analysis Method: Fibonacci & Wave Theory
SPX has completed a 143 Year Super-CyclePlease see previous analyses for further information.
This is a continuation of the SP500 analysis that was started July, 2018.
SPY has completed a 5 Wave Super-Cycle (143 years) and is now in a correction phase.
An 'Irregular Correction' is when the B Wave exceeds the Terminal 5th Wave.
It is my opinion, the Private Federal Reserve is running out of monetary 'ammo'. The private bank can no longer raise interest rates and is now being forced to cut rates in an objectively 'good economy'.
All gains can directly be correlated to the Private Federal Reserve's monetary injections.
The Hedge: Cryptocurrency
Analysis Method: Wave Theory & Fibonacci
143 Year Super-Cycle:
Wave Theory Rule: 2/3 Impulse Waves will near equality
Irregular Correction are most often observed after a Wave Cycle with a Double Extension
Waves 3 & 5 both extended.
Will update.
FMW
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I believe we are seeing the end of the 'B Wave'.ملاحظة
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Extending Wave 1 (Hourly)ملاحظة
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$2829 is a key level...ملاحظة
If $2829 breaks look to $2768...ملاحظة
If 2829 holds, look for a correction sequence.ملاحظة
Based on the price-action, it looks like we will break 2829.ملاحظة
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Flat Corrections usually terminate around 100% & 123.6% Level respectively...ملاحظة
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Let's see whats going on today...Previous analysis chart:
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Above: Daily Chartملاحظة
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Above: 3 Minute Wave Countملاحظة
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Above: Sub-Micro Sequenceملاحظة
Sub-Micro Retrace Levelsملاحظة
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Added Fib-Time:ملاحظة
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Sub-Micro Wave Failed...ملاحظة
Double Flat Correctionملاحظة
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Starting to finally close Gaps...ملاحظة
And just like that...Back to the level before the REPO OP began...
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No real support here unless the Private Fed can pump...ملاحظة
New Wave Sequence should be forming now...ملاحظة
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Could be another big down day...We will find out soon...
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Watch the futures...ملاحظة
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Headline: STOCKS SURGE ON BETS CENTRAL BANKS TAKE ACTIONto fight a biological virus...
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Price-action is Trapped in the 'Ending Diagonal'ملاحظة
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(Bloomberg) -- U.S. stocks surged as investors gained confidence that stewards of the world’s largest economies would act in concert to offset any impact from the spreading coronavirus.ملاحظة
The S&P 500 jumped more than 3%, the most in a year, after news that Group of Seven finance ministers and central bankers will hold a teleconference Tuesday to discuss how to respond to the outbreak. Tech shares led gains after seven straight days of declines for the benchmark index, with monetary policy makers from Japan to England joining the Federal Reserve in promising to take action to support their economies if needed.ملاحظة
In other words...'Lets Accelerate the Destruction of Value in our Currency'ملاحظة
While Interest Rates plummet...ملاحظة
Weekly:ملاحظة
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Should be beginning a new wave sequence down...ملاحظة
30 Second Wave Sequence...ملاحظة
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We are about to drop...ملاحظة
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Target: $303-$301ملاحظة
If $301 breaks look to $298...ملاحظة
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Another Correction...1 Minute Chart:
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Still back in the 'ending diagonal'...ملاحظة
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Monthly Chart:ملاحظة
Wave Count:ملاحظة
Target Area:(If 'B Wave' has ended)
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We should be turning extremely hard....ملاحظة
Looking for a Minor Wave 3 to begin...ملاحظة
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We got the turn I was looking for...ملاحظة
$3,031 is a Key Level.ملاحظة
Daily Chart Update:ملاحظة
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If $3,031 breaks look to...ملاحظة
$3,012ملاحظة
Then $2098.50ملاحظة
*Correction $2928ملاحظة
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5 Minute Count (Above)ملاحظة
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Moving Averages:EMA 33 Green
EMA 50 Yellow
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EMA 300 Redملاحظة
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Estimate Micro-Wave 3 Target Area: $2980-$2928.50Timeframe: <7 Hours
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Fed Suicide Watch...Interest Rates going to Zero...
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Fed credibility gone...ملاحظة
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Going to create new Hourly thread.ملاحظة
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Should be picking up momentum to the downside...ملاحظة
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Immediate Target: $2984.25 - $2923.75ملاحظة
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Please Follow New Thread Here:
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