S&P500 Elliot wave ,bearish setup , Update3

Jul 30, 2020

this is the last bearish model we can consider for now.

if It fails I will stay away from the market because RSI shows a divergence in daily chart and I dont like to buy a diverged market.

Jul 30, 2020

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wave 5 of the y correction seems to be termination at the
1-fibo level
2- broken trend line
3- RSI resistance point

you can even consider shorting now as the stop loss is also very tight

Jul 30, 2020

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By the way I have short the market already ;)
lets see what will happen

Jul 31, 2020

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Jul 31, 2020

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Jul 31, 2020

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don't rush to sell, there is bluish scenario which is strongly valid as well!!!
We need all to see several confirmations.

Jul 31, 2020

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I didn't expect the price to drop so quickly ! but everything is going based on the predication so far :)

Jul 31, 2020

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now that we have our first confirmation , this the the bearish setup

Jul 31, 2020

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now we have 2 scenarios, I have plot both on the same chart

Jul 31, 2020

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Unfortunately we hit the invalidation level
this is the new wave count

Jul 31, 2020

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The 30min chart will be this way, we have a wxyxz correction now

Aug 1, 2020

Order cancelled

I published the new post see that one for the recent updates