S&P 500 IndexUpdated SPX's RSI deep analysis, day in day out till we find something !
This whole idea could be irrelevant to SPX, and we go up big time as usual:
1/ The Rate of Change is slowing, if continue as the past 2 days, we should break the line as soon as
tomorrow after 2:00 PM or even before.
2/RSI deep analysis of formation's resemblance of 2020. Nothing more/less here !!!
3/The Whole drop, last 2 days, is 12.92 % & slowing down !!! :
March 23 : 8.15 % down
March 24 : 5.37 % down
March 25 : we just need 6.5 %
Friday March 26: Is a probable breaking day.
Alternative:
***** A possible bounce back from our "Trigger line" first time Friday March 26, 2021 then Monday lower high lower low
then Tuesday/Wednesday we bearishly break out "SPX TANK" for over due wave 2 Minimum needed is 23% correction
to satisfy Elliott guides. Or just go up big time & forget the whole idea of wave 2 of 5 grand cycle count.
1/ The Rate of Change is slowing, if continue as the past 2 days, we should break the line as soon as
tomorrow after 2:00 PM or even before.
2/RSI deep analysis of formation's resemblance of 2020. Nothing more/less here !!!
3/The Whole drop, last 2 days, is 12.92 % & slowing down !!! :
March 23 : 8.15 % down
March 24 : 5.37 % down
March 25 : we just need 6.5 %
Friday March 26: Is a probable breaking day.
Alternative:
***** A possible bounce back from our "Trigger line" first time Friday March 26, 2021 then Monday lower high lower low
then Tuesday/Wednesday we bearishly break out "SPX TANK" for over due wave 2 Minimum needed is 23% correction
to satisfy Elliott guides. Or just go up big time & forget the whole idea of wave 2 of 5 grand cycle count.
Note
line broken STAY NIMBLE GUYS seriously, we could see acceleration from here.
I do more in depth studies of stocks on my twitter account. Hope you would enjoy it there as you are enjoying it here.
****** Past performance is no guarantee of future results***
twitter.com/samitrading1
****** Past performance is no guarantee of future results***
twitter.com/samitrading1
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.
I do more in depth studies of stocks on my twitter account. Hope you would enjoy it there as you are enjoying it here.
****** Past performance is no guarantee of future results***
twitter.com/samitrading1
****** Past performance is no guarantee of future results***
twitter.com/samitrading1
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.