more leg down. If so, buying opp at wave 4.
SPX-Wave 4 of 5 bounced off trend line support and poised for wave 5 of 5 to another ATH.
DIS is poised to break out into the Wave 3 of 5. Multiple gaps above waiting to be filled. Stoch RSI and MACD are poised to turn bullish. Expect DIS to challenge the ATH of $122++
SPX-Wave 4 of 5 correction just ahead. Ascending Wedge Formation. Busted through the short term trend line. Another trend line just ahead. Looks like a perfect storm for SPX to take a breather before heading north to test the ATH.
Before the Wave {III} move to DA MOON!
Volume rising, BB tightening with imminent price breakout soon.
With the extended C of 4 completed, SPX is ready to embark on the Final 5 of 5.This probably runs counter to most chartists who are bearish in the medium term, based no doubt on the massive HnS pattern with the neckline at 1821 already broken. Time will tell. The only question is how high will the final 5 of 5 reach. 2,200 to 2,300 certainly looks achievable. The...
Do you think the wave 4 A-B-C correction is over? Looks like it is. the April 2014 support at 1812++ held.
The MACD and RSI tells us that the medium term bottom is probably close and provides an entry opportunity. There are several gaps above that are waiting to be filled.
Looks like it will target the August 24th Low.
of removing the 7% trade trigger on Friday after it was triggered twice in the first week of trading in 2016. Stock is also straddling the lower Bollinger band as well.
UVXY could spike violently and fill some of these gaps. Spike is the right word as that is what they are....violent intraday spikes with V-Shaped peaks or valleys. UVXY will most likely gap up tomorrow.
An almost exact replica of a pattern from August 24 seems to be playing out