SPX, longs but how long?

15 сент. 2023 г.

Looking at the chart I can see that there's still potential for the US market and SPX in particular, but it looks like we are going to a major correction soon. Depending on the form of the wave A and currently unfolding B, I highlighted red dangerous zones with potential reversal patterns.

Overall we have these possible options now: 1) Zigzag ABC (no higher than ~4.6k) 2) Flat ABC (no higher ~4.8k) 3) Extending Flat ABC (can be ~5k) 4) It's a wave B of correction wave so then after some consolidation after wave (v) we should form Minute wave 5.

Keep longs for now, and keep watching.

25 сент. 2023 г.

Заметка

(iv) is moving to the right low, the count remains valid, should bottom soon

4 окт. 2023 г.

Сделка активна

This is the bottom

9 нояб. 2023 г.

Заметка

I still keep my position though the bottom was on 27 Oct. The rally is coming after some correction any time soon.