wolffarchitecture

wolffarchitecture

EXPECT to see a lot of CHOP over the next few weeks as the S&P 500 works its way through the EMA's and completes the 3-3-5 TEXT-BOOK correction as predicted on a previous post. It looks to me like the S&P 500 will reach around 3490 (Between Fib .618 & .786). After deflating into an extended (C) wave down reaching a new low just before the election. Plan to pull...

wolffarchitecture

While I see it looks like the S&P-500, DOW-30 and NASDAQ may be going down for the count. Before you SHORT, This could simply be an unexciting text book flat correction on wave B, ( the same count works for DOW-30 and NASDAQ ) I believe in eliminating all known possibilities before trading. Perhaps it might be prudent to wait until the close of the Monday ...

wolffarchitecture

The Gold and Silver ratio, may extend one final leg higher before continuing trend down