SPY (A-B-C)

10 нояб. 2022 г.

If this is correct the 3 wave B is finished or close to being finished today. One more high would not be a problem as the 100ma and Upper BB are both around 389-391 on SPY. Personally I think this may be a bull trap with a C coming before the bigger move up into the end of the year.

Today could continue the rally, to further convince bulls and bears that the trend has changed and we are going higher, but the MA's/BB resistance tell me otherwise. Good luck!

10 нояб. 2022 г.

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SPY larger picture -

10 нояб. 2022 г.

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Vix at horizontal support and very close to lower BB at 22.5

10 нояб. 2022 г.

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Pitchfork Fib reached along with 18weekly ma, 100 daily ma and Daily BB

10 нояб. 2022 г.

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SPX reached trendline structure with hidden bear divergence on the 4hr time frame.

10 нояб. 2022 г.

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VIX daily bull divergence

11 нояб. 2022 г.

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qqq to horizontal resistance and pitchfork fib line.

11 нояб. 2022 г.

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Update - No pullback on SPY, so as of now I'm going to wait and see if they can get it up to the 200ma. If so, We are likely in a C wave up to 407 area, and maybe farther fill the first gap on spy.