Keep It Serious Simple (S&P and Nasdaq Correction Levels)
A quick video to summarize the hours and hours of live sessions I run each and every week. Everybody is scared and nervous when the market is falling because bull market geniuses love to see ATH's every single day :)
I see simple wave structure on S&P and Nasdaq. 5th wave completion and a likely ABC or 123 correction. S&P 7-12% correction area, Nasdaq 10-15% correction area. I'm not bearish, but I am hedged for downside pressure. If it never materializes, cool. But if it does, I would like to make some money and mitigate the risk.
I'll do more of these day to day or week to week. You can find me in the trenches Monday-Friday. Happy Trading and Lots of Profits!!!
I see simple wave structure on S&P and Nasdaq. 5th wave completion and a likely ABC or 123 correction. S&P 7-12% correction area, Nasdaq 10-15% correction area. I'm not bearish, but I am hedged for downside pressure. If it never materializes, cool. But if it does, I would like to make some money and mitigate the risk.
I'll do more of these day to day or week to week. You can find me in the trenches Monday-Friday. Happy Trading and Lots of Profits!!!
Chris Pulver
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.