spy to 408.
expanded 3rd into the 2/19 opex just under 400 to play with both the bears and bulls emotions.
wave 4 probably won't go below fridays dark pool support at 391, though it can.
not sure how high that 5 goes, but i'm thinking a 123.60% extension on the larger scale, aka 408. which would also make this last move an extended fifth on the smaller scale.
the correction will be interesting, and should probably last between 1-2 months. going to sit in spxu and qid equity all the way though and patiently wait for the gold mine of opportunities which will surface.
spy will probably get down to around 321 after the upside target of 408 is realized. this is quite a bold statement here, but i believe my calculations are on point this time.
good luck, and trade safely.
wave 4 probably won't go below fridays dark pool support at 391, though it can.
not sure how high that 5 goes, but i'm thinking a 123.60% extension on the larger scale, aka 408. which would also make this last move an extended fifth on the smaller scale.
the correction will be interesting, and should probably last between 1-2 months. going to sit in spxu and qid equity all the way though and patiently wait for the gold mine of opportunities which will surface.
spy will probably get down to around 321 after the upside target of 408 is realized. this is quite a bold statement here, but i believe my calculations are on point this time.
good luck, and trade safely.
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