AI
Thursday, May 03, 2018 12:56:37 AM
SPY, let me know what you guys think about this.
We could be setting up for an AB=CD correction.
A lot of different indicators are really pointing to a 245 SPY
Another look at the TVIX, Considering that if the spy is in a CD leg down, it is already half way there. So I am thinking that the fibs are going to be a decent target which also line up with the top of the triangle on the daily
The 60 minute chart is starting to set up a bullish tone and did put in an AB=CD pattern that should be good to at least 7.12. But this could see one more leg down if it is a three drive down pattern.
But if the spy fell and TVIX made a run in the next couple of days, the moving averages are not set up for a monster move like before IMHO
We could be setting up for an AB=CD correction.
A lot of different indicators are really pointing to a 245 SPY
Another look at the TVIX, Considering that if the spy is in a CD leg down, it is already half way there. So I am thinking that the fibs are going to be a decent target which also line up with the top of the triangle on the daily
The 60 minute chart is starting to set up a bullish tone and did put in an AB=CD pattern that should be good to at least 7.12. But this could see one more leg down if it is a three drive down pattern.
But if the spy fell and TVIX made a run in the next couple of days, the moving averages are not set up for a monster move like before IMHO
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