SPX-SPY-ES - Will the Market top out on Nov 15, 2019?
Looking at the ES , we could have the last 5 wave pattern up. Getting really crowded at the gray zone.
If the es starts up towards the wave 5 by the morning open,we could see the SPX gap up and then Crap down.
Very dangerous near these highs!
Time to sell the longs and get ready to short.
Megaphone pattern says we are "there" near the top now.
Lets not get greedy for the up side.
Plan for downside protection. Puts are really cheap now.
We could see the market begin to crack after this high and begin to crumble as we go into next year.
We're looking for a serious low in late March/early April.
Old Fart
If the es starts up towards the wave 5 by the morning open,we could see the SPX gap up and then Crap down.
Very dangerous near these highs!
Time to sell the longs and get ready to short.
Megaphone pattern says we are "there" near the top now.
Lets not get greedy for the up side.
Plan for downside protection. Puts are really cheap now.
We could see the market begin to crack after this high and begin to crumble as we go into next year.
We're looking for a serious low in late March/early April.
Old Fart