SPX in daily charts
Updated
Hello
It's been a while the I am thinking to close my trading view page. If I am explaining it is to make a plan for some ideas I have published. It means that I have published a few ideas that might happen and because they are in big time frame I need to give a plan for next steps when I am not here anymore so please let me know if any of my ideas that was helpful for you.
For this chart I predict another correction as wave IV and then last rise as wave V. This scenario would take a few months and then we might have a deep correction.
Another scenario is to make higher levels and then we see a main correction.
I expect deeper corrections for this movement.
For investors, I recommend not to invest in stocks for long terms and please consider that these highs that main indices are experiencing comes from a minority high cap companies.
For traders, it does not matter where market goes (short is mostly better) and they will find a way to make profits.
Be safe and Happy.
It's been a while the I am thinking to close my trading view page. If I am explaining it is to make a plan for some ideas I have published. It means that I have published a few ideas that might happen and because they are in big time frame I need to give a plan for next steps when I am not here anymore so please let me know if any of my ideas that was helpful for you.
For this chart I predict another correction as wave IV and then last rise as wave V. This scenario would take a few months and then we might have a deep correction.
Another scenario is to make higher levels and then we see a main correction.
I expect deeper corrections for this movement.
For investors, I recommend not to invest in stocks for long terms and please consider that these highs that main indices are experiencing comes from a minority high cap companies.
For traders, it does not matter where market goes (short is mostly better) and they will find a way to make profits.
Be safe and Happy.
Note
This is how Elliott (not me) can count that market Note
we wait for waves 1,2 of V.
AMA
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