SPX500 Probable Glide Path - 10-28% Pullback starting

٢٩ يناير ٢٠٢١

We've been in a nice upward channel since the US Elections, then yesterday hit.
Today we had a .786 FIB retrace up of yesterdays down run which puts us on an E Wave 3 Downward

10% would put us at the 50 Day MA
28% would put us at the 2008-2020 Up Trend Line



Exiting remaining long positions, already added SQQQ at the turn.
QQQ following same glide path.

*NOT FINANCIAL ADVICE - NOT A FINANCIAL ADVISOR*

٣٠ يناير ٢٠٢١

ملاحظة

Pattern Complete. Wave 3 didn't strictly follow length rules.
Everything points towards quite a bit further to go down, though Monday may be an initial BTD uptake before we start the next sequence.
A Up/B Down/C Up, then a decision on how far to drop or do we recover.

٢ فبراير ٢٠٢١

ملاحظة

Today was a skyrocket up putting us back high in previous channel. Unexpected.