Yoo_Cool

SP500 possible end of the ((d)) in triangle of 4 => soon down

Short
Yoo_Cool Updated   
CME_MINI:ES1!   S&P 500 E-mini Futures
It is possible end of the wave ((d)) of 4. The Fibbo is close to the (a)=(c). Need to see RSX down + 5down-3up confirmation.
Alt. - it is much bigger decline ahead. Meanwhile, Basic and Alt. look the same way down locally.
Comment:
RSX turned down. Possible top is taking the place.
Trade closed: target reached:
I do not see impulse down yet. But there is (a)= (c) in ((d)) +RSX is down. That can be the wave ((e)) already.
Comment:
Sorry RSX is up. For the sake of shape , it is better to see one more high before the wave ((e))
Comment:
Triangle scenario is invalid. BS now is - in the final stage of the ((i)) (suppose to be after the smaller triangle) Alt - in the late stages of 2 (the old high must hold in this case)
Order cancelled:
That appears that we have already made the wave ((ii) and not it is open way to the 3700 now. ALT - that there is wave((b)) of 4
Comment:
It can be the end of the wave ((iii)) here. Because there is an impulsive decline + RSX1h down. ALT - the end of the whole rise in ((b)) of 4.
It is very important to see the shape of the rise after that small impulsive decline
Comment:
There is an impulsive decline on 1H. I had to change the Basic scenario. No it is ((i))-((ii))-(i)-(ii) sequence. It is possible that there will be one more leg down at least. But I need to see the shape of the rise first.
Alt - stays the same - down in ((c)) of 4 Flat shape
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.