TradingSurfers

TradingSurfers

S&P 500 Futures (4H) / Elliott Wave Primary

TradingSurfers

S&P 500 Index (1H) / Primary

TradingSurfers

Our green box has been hit. Algos targeting $6.8 and $5.3.

TradingSurfers

As suggested some time ago, an extended 5th could occur in USO... and it's happening. We may bottom around $1.92 or $0.95. Currently at $2.6 in pre market. This is possibly one of the most dangerous falling knife ever :knife:

TradingSurfers

We are drifting into the inferior part of the channel. As you can see, prices are well contained within parallel lines since the bottom and have been flirting all the way up around the ML. This is not bullish price action. Within an impulse, the base channel is usually breached to the upside. We may have topped at the 1:1 extension in SPX and at the 1.272 in NDX....

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Bitcoin Trapped Between SMAs and Vegas Waves on the 4H Timeframe

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BTC (4H) / Primary

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BTC (1H) / Primary

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Are you a bull or a bear?

TradingSurfers

Ending diag 5 of C?

TradingSurfers

Whetever the Elliott wave count (triangle, flat,...), it looks like we are going higher...

TradingSurfers

1:1 Fib extension has been hit to the tick (A=C) but prices seem to want to reach the 0.618 retracement (GZ). Oil prices - which act as an economic barometer - are screaming for bear market but will SPX and NDX listen?

TradingSurfers

1:1 extension and 0.887 retracement hit. We have reached the ML of the PF which means we may fluctuate around it for some time.

TradingSurfers

If the indices collapse too, beware of the extended 5th!

TradingSurfers

The more we levitate here, the more @CryptoElliott's alternates become likely. There is nothing wrong with pink sub-micro W2's strong retracement. This is actually common after a leading diag. In this scenario, we should dump relatively soon.

TradingSurfers

Top could be in here at the 1:1 extension confluent with the ML of the channel and the 2-year key horizontal level (around 2875). Notice that the C of the Y would be short here, like the C of the W. We are just below the GZ. We are drifting away from the ML of the PF. Nice 4H bearish divergence. Lets see what happens before the close.

TradingSurfers

Believe it or not, this is the cleanest count in the S&P 500 futures. The second W2 didn't even reach the 0.236 which is quite doubtful, especially below such a potentially strong resistance. Are we hyper bullish? I don't think so but this market is capable of anything and may want to pump at each pretext (covid19 vaccine rumour like last night, tweet, etc.). Of...

TradingSurfers

If you are an experienced professional trader, this one might interest you... Green box: 3.40-2.96. Green algo target at 3.31. If we make an extended 5, we may reach 1.92. In the meantime, watch that $17 support in the WTI. Again, for professionals only :grinning: