I decided to crack the book open because something didn’t seem right. I realized I was wrong because I’ve been ignoring expanded flats. It did not occur to me expanded flats can overlap.
The bottom of Wave A is 313.xx before a rally to wave B. I suspect a large gap down sometime this next couple weeks on earning reports.
SPY is in the 5th wave, expecting this to go much further down before a rally.
If the candles overlap or falls shorts even the slightest bit of retracement, I DO NOT COUNT IT. I expect 349.xx in the coming weeks.
I realized my previous chart was off, we should be seeing $349 in the coming weeks before the rally. I’m not making this chart clean because I don’t want to erased everything to make it look simple. I’m not a traditional EW user, so if you think it’s wrong, send me your chart so i can show you that you’ve been measuring everything wrong. If the candle don’t hit...
Expecting a bounce to 426 to overlap into wave 3 before reversing into bear trend.
I expect this to go to $368 to end wave 3 on the larger count and end of wave 5 on the smaller count. Then a side ways play before going to $415 for wave 3 and 426 for wave 5. I suspect 415 minimum and 426 max because corrections tend to overlap into wave 3 before it reverses.