I did BUY into the rally last week, but lost my nerve and got short too soon, but still got more $$ to catch the higher level.
REVIEW from March 13th.
Spx LOST 86 pts from 1460 to 1374
Fibo retracement
40% = Spx to 1407
50% to Spx 1417
Now at 1410, could spike to 1417
Tomorow is 21 TRADE days from FEB20
Previous turns ocurred at 5, 8 and 13 days
Today is spring Equinox
Also a Bradley psychological turn date
ELLIOTT wave Chart shows 5 waves DOWN to March 5th
A & B completed on 13th
Now completing C-2
WE ALL know what happens NEXT in wave 3
Could drag out 5 waves WITHIN wave 3 - taking us to April 4th- 5th before ending.
Jay
3 comments:
Hi Jay,
I am having a great deal of difficulty comprehending what your "jargon" is for those who know what fundamental/technical's you are using for your short term trends and expectations of probabilities.
Would you direct me to any archive that you have created so that I can "catch up" on understanding your postings?
Thanks,
Hi again Jay,
As a follow up, is your reference to the SPX the following Index:
UBS AG LINKED TO SPX TO DJIA INDEX?
Thanks for your answerback,
Looks like March 20 may have been a low after all. Hey, what's up? No postings since the rally? You OK?
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