SPY - the alternative count
Updated
This is a video walk through of the SPY considering this count as a larger ABC move instead of an impulse with a bounce coming next.
I do feel this count is a strong possibility but it will be wrong over 383 or more conservatively, over 387.
Very few people think we can have a melt down over the holidays, and very few are thinking this is a possibility, which is why I'm bringing it up.
If I'm wrong I will update this chart, but If I'm right I will be updating the futures chart at
I hope it's helpful.
Good luck and Merry Christmas!
I do feel this count is a strong possibility but it will be wrong over 383 or more conservatively, over 387.
Very few people think we can have a melt down over the holidays, and very few are thinking this is a possibility, which is why I'm bringing it up.
If I'm wrong I will update this chart, but If I'm right I will be updating the futures chart at
I hope it's helpful.
Good luck and Merry Christmas!
Note
trendline break? Note
rising wedge on spx cash, the fib line is still holding back price. Probably stab through by end of day, still looks bearish to me Note
potential count, if true the close will be sold Note
put call on spx as of yesterday quite tame ycharts.com/indicators/cboe_spx_put_call_ratioNote
put/call on equities dropped to .77 ycharts.com/indicators/cboe_equity_put_call_ratio
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.