SPY - Simple Wave Count - Load Up on Puts! Short

SPDR S&P 500 ETF TRUSTArca

Description

⋅ Jan 10, 2019 7:18 PM

As long as we don't overstep into wave 1 territory (white line, 259.85), this potential wave count remain valid.

Wave 4 should be simple, as wave 2 was complex. Great time to load up or hedge positions.

Comment

⋅ Jan 15, 2019 3:22 PM

momentarily broke through wave 1 (260.03), but looks to be a strong rejection at that point

Wave Analysis

Comments

CodedFlow

⋅ Jan 10, 2019 7:25 PM

on what instrument do you usually use for long putting ? much appreciated !