The inverse head and shoulders formation on the 1hour are dismissed. I am expecting 
SPY and 
QQQ to reach wave 3 target (around $383 and $304 respectively). Yes we are in a bull market but I don't mind a correction since we have had the most insane run from last March already.
And because I believe this is a correction in a bull market, I am only anticipating a sequential or combo 13 on the 1hour time frame. I hesitate to say we can see a 9 count on the daily but let's see how the market react to the 1 hour Demark signals first.
SPY and QQQ to reach wave 3 target (around $383 and $304 respectively). Yes we are in a bull market but I don't mind a correction since we have had the most insane run from last March already.And because I believe this is a correction in a bull market, I am only anticipating a sequential or combo 13 on the 1hour time frame. I hesitate to say we can see a 9 count on the daily but let's see how the market react to the 1 hour Demark signals first.
Kidze
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Kidze
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.