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Onwards and upwards has remained in full force with very little retrace overnight.
It should fizzle out by 8.30am at a guess.
Plan your trade, trade your plan!
SPX: this sharp rise looks like a ‘five’ in which case it can be wave ‘c’ or completing wave ‘A’ of a bigger ABC.
If it wants to be wave ‘c’ then 0.618 is at 2,732 which just about also gives the overlap.
If today is S2 I have to assume the upwards trend will continue into ‘day 4’ so we need to look for a 4th and 5th or a small rising wedge thing into the 2,732 target (if that’s valid).
Ftse best fit is the early ‘h’ for S2H
Dax also.
Right until it’s not right.
Never give up, never surrender.
S2H used to be one of my favourite days Cimac with its potential for a good pop and drop.
Plan your trade, trade your plan!
Here is Hatman’s 2700 SPX target. Well done David.
Hats off to him 🙂
Never give up, never surrender.
S2H used to be one of my favourite days Cimac with its potential for a good pop and drop.
Yes a good drop later or into early doors wednesday
with the pull of that full moon would do nicely.Never give up, never surrender.
Morning all.my limits missed overnight too lol.ridiculous strength so far,its like they’ve just announced coronavirus as being a large april fools prank..everyone back to work.
SPX RSI: in a bear market (which this likely is) the RSI 50 middle line often acts as resistance on the daily chart. It can pop up slightly above the line before failing (in fact some technical manuals have ’60’ as the likely rally point.
The MACD is still rising. For a complete B wave it really needs to touch the zero line.
In view of all this I’m assuming a rally to touch or overlap that 2,730 area will likely just be ‘wave A’ of a bigger ABC.
Tracking Ftse S2H
pt3 done
pt3a done
pt3b in progressWell so far it looks ok … just so long as it does
not go on a crazy 2nd rally like yesterday.Note: Dax is playing the same tune.
When US opens we may see all this euroland nice playing tested !
Never give up, never surrender.
Pretty nuts stuff,definitely didnt expect a 90 handle rip in the opening couple of hours of euro hours??
Ftse best fit is the early ‘h’ for S2H
Dax also.
Right until it’s not right.
In a strong market ( in either direction ) pt timing
can be early or late ( dependent on direction ).Ftse monday / tuesday you can see how S1L S2H or S1H S2L could
be made to fit using a time shift.
Eventually the universe wins by a market snap back into line.Never give up, never surrender.
I have seen estimates for spx 2750 – 2775 elsewhere
and we are on the door step now.Never give up, never surrender.
Good luck all. It could be hairy and scary ride if we are going for a 3.30pm high.
Ideally we want it down from open but then the risk is a V day.
Plan your trade, trade your plan!
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