S&P500 Elliot wave ,bearish setup , Update3

30 jul 2020

this is the last bearish model we can consider for now.

if It fails I will stay away from the market because RSI shows a divergence in daily chart and I dont like to buy a diverged market.

30 jul 2020

Nota

wave 5 of the y correction seems to be termination at the
1-fibo level
2- broken trend line
3- RSI resistance point

you can even consider shorting now as the stop loss is also very tight

30 jul 2020

Nota

By the way I have short the market already ;)
lets see what will happen

31 jul 2020

Nota

31 jul 2020

Nota

31 jul 2020

Nota

don't rush to sell, there is bluish scenario which is strongly valid as well!!!
We need all to see several confirmations.

31 jul 2020

Nota

I didn't expect the price to drop so quickly ! but everything is going based on the predication so far :)

31 jul 2020

Nota

now that we have our first confirmation , this the the bearish setup

31 jul 2020

Nota

now we have 2 scenarios, I have plot both on the same chart

31 jul 2020

Nota

Unfortunately we hit the invalidation level
this is the new wave count

31 jul 2020

Nota

The 30min chart will be this way, we have a wxyxz correction now

1 ago 2020

Orden cancelada

I published the new post see that one for the recent updates