Just going to leave this here for SPX BULLS...! Happy 2023!!!!

So looking at the uber bullish idea that we have bottomed whereby this was some wave 4 which is completed... and now we start some blow-off the top for the next few years....

.....so....,,, in current now times/terms.... let's say we completed the A wave (approx 50% fib), making a B wave now back to 4000 (61%), then go back down to 3720s to finish wave 2 (61%)..

We end up making an inverted head and shoulders in the above occurrence as well with a 20% move on neckline breakout.. -> this takes us to all-time highs on spx500usd.

OR taking the wave 1 projections 1 to 1 or 161% we should get to 4500s then proceed through the year and work out way to approx 5000-5200 peak as we get bullish with pivot news.

Following the FED pivot we dump back to re-test 4000 level, hold it successfully and start the next bull market wave 3 up which will be INSANE!

SEE YOU ON THE OTHER SIDE!

تعليق:

I've recently also noticed a change in volume patterns..
volume spiked on the last spx pump to 4140s and then this current drop since then is happening on lower volume. (Means consolidation)
This is against what happened since the 4800 to 3500 drop where drops were on higher vol!

تعليق:

Update to my bullish $spx count. Instead of big ABC like I had before to 3700 zone, now see this decline being a wave 2 of 3rd wave. This means we get a 61% ABC retracement of last leg up which takes us to 3850-3860 lows before we move up. Projected next wave TP could be 4280.

twitter.com/Dav...892199404888066?s=20&t...

تعليق:

This would be quick and fast..we make lows tomorrow and Friday we wick back up nicely. Then next week should be fireworks. There is obv more bearish scenarios...but this is my most favorable right now!! There remain too many people shorting,predicting big short for us to go dowh.