I go through what should happen next if it's a C wave down on SPY. The move should be relentless with very little bouncing, especially after the open. If they get aboe Friday's high the idea is invalid. Gold could be a B wave finishing, but I wouldn't recommend trading it. BTC probably continues to fall under 80k. Oil, more downside likely. Nat Gas may be a very good short here.
Trade active
no change in the analysis, looks like today they put in a truncated 5th wave. Staying short so far. Trade closed: target reached
gravestone doji on the spx cash daily chart
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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.