SPX 500, USOIL, BTC - "We move together"
Updated
update on the patterns I'm seeing, expecting a pullback this morning and then sudden rally for everything.
Comment
expecting something like this. Comment
first part of B is over, next should be C of B down, It could go over the high first. Comment
3730 area looks like the target area. Comment
Powell live youtube.com/watch?v=dOE0r10FUgYComment
Stops above previous high taken out, should reverse here Comment
ok there we go Comment
Longs now trapped in the boxed area, as stops get hit and traders sell their positions, 3700 should come quickly on SPXComment
looks like they are creating a B triangle instead, which should be done by open tomorrow. So a gap up tomorrow morning with C already starting. Comment
SPY Comment
if the triangle doesn't work, the ABC for B would, Either way. I'm going to wait for tomorrow to see where the market is at open. If it gaps down, It's likely a bear trap with C next. If we gap up, C is likely in progress. Comment
I think the end was a bull trap and we'll gap down tomorrow. Any gap down should be bought at some point to start the C wave up.
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