ES, SPY, SPX bullish EW projection
10/16 end of day saw a .618 correction end wave one of a larger wave three. The bullish projection sees this as the confirmation of the next leg up, taking us to previous highs, slight pullback and then pushing new ATHs. This count is invalidated below 3420.
A less likely bearish view can continue to pull us downward on 10/19, 10/20 with a target of 3150.
A less likely bearish view can continue to pull us downward on 10/19, 10/20 with a target of 3150.
Trade closed: stop reached
Got stopped out here as the corrective Wave 4 has continued down. Will provide an updated count soon.
Disclaimer
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.
Disclaimer
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.