SPY is going down these next two months 🧨🔨
In Elliott Wave Theory there are only two kinds of moves: Impulses, and Corrections.
We can all agree that since November, this grind up is not an impulse,
which means... that this is a correction.
Wave B's are nicknamed "The Suckers Rally"
and boy are there a lot of suckers, including myself lol.
VPVR points to a retest of last years high (big money buy zone)
>Max Pain next month is at 375
>Max Pain the month after is at 369
>It would also explain the HUGE bearish divergence since September.
I'm rolling with this count, as it is the only one that makes sense from a textbook perspective.
Todays idea is also in line with the first bearish outlook I ever gave spy on Jan 23rd.
We can all agree that since November, this grind up is not an impulse,
which means... that this is a correction.
Wave B's are nicknamed "The Suckers Rally"
and boy are there a lot of suckers, including myself lol.
VPVR points to a retest of last years high (big money buy zone)
>Max Pain next month is at 375
>Max Pain the month after is at 369
>It would also explain the HUGE bearish divergence since September.
I'm rolling with this count, as it is the only one that makes sense from a textbook perspective.
Todays idea is also in line with the first bearish outlook I ever gave spy on Jan 23rd.
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