Updated

SPX's Elliott wave D-Day is upon us.Crashes are for Baby boomers

Or not. Either way "No" sign what so ever for a correction!!!
Tip: Insiders Weekly Sell vs Buy Ratio (Open Market Transactions) reached .08 a number not seen for quite long time.

Note

No Bears showing on these levels = Not correcting for wave 2 = Elliott wave is

telling us that we are still in wave 3 & we should have RSI reading above 83 in the

coming weeks to top for a 3ed wave. We stand today at " Ideal Text Book

impulsive 5 wave structure " going up more from here without a reasonable

pullback will open high targets that's just hard to understand right now . This

market is getting harder to analyze with much riskier trading ahead of us.

wish you all the best.

Note

If you are Bearish, you would love this chart, if you are bullish you will hate this
chart either way this is Elliott wave with lost of Alter.

Note

No catalyst to crash so far :

1/ shake up buy the dip "check volume for that"

2/ Elliott wave 2 is in progress :
Wave 2: Common retracement levels
61.8%-78.6% of wave 1 (golden zone, most common)
May also be 23.6%, 38.2%, or 50%

samitrading

I do more in depth studies of stocks on my twitter account. Hope you would enjoy it there as you are enjoying it here.

****** Past performance is no guarantee of future results***

twitter.com/samitrading1

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samitrading

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