SPY - The Crash - Part 7
SPY remain a STRONG SELL.Analysis Method: Fibonacci & Wave Theory
SPX has completed a 143 Year Super-CyclePlease see previous analyses for further information.
This is a continuation of the SP500 analysis that was started July, 2018.
SPY has completed a 5 Wave Super-Cycle (143 years) and is now in a correction phase.
An 'Irregular Correction' is when the B Wave exceeds the Terminal 5th Wave.
It is my opinion, the Private Federal Reserve is running out of monetary 'ammo'. The private bank can no longer raise interest rates and is now being forced to cut rates in an objectively 'good economy'.
All gains can directly be correlated to the Private Federal Reserve's monetary injections.
The Hedge: Cryptocurrency
Analysis Method: Wave Theory & Fibonacci
143 Year Super-Cycle:
Wave Theory Rule: 2/3 Impulse Waves will near equality
Irregular Correction are most often observed after a Wave Cycle with a Double Extension
Waves 3 & 5 both extended.
Will update.
FMW
Nota
Nota
I believe we are seeing the end of the 'B Wave'.Nota
Nota
Extending Wave 1 (Hourly)Nota
Nota
Nota
$2829 is a key level...Nota
If $2829 breaks look to $2768...Nota
If 2829 holds, look for a correction sequence.Nota
Based on the price-action, it looks like we will break 2829.Nota
Nota
Flat Corrections usually terminate around 100% & 123.6% Level respectively...Nota
Nota
Nota
Let's see whats going on today...Previous analysis chart:
Nota
Above: Daily ChartNota
Nota
Above: 3 Minute Wave CountNota
Nota
Nota
Above: Sub-Micro SequenceNota
Sub-Micro Retrace LevelsNota
Nota
Added Fib-Time:Nota
Nota
Sub-Micro Wave Failed...Nota
Double Flat CorrectionNota
Nota
Starting to finally close Gaps...Nota
And just like that...Back to the level before the REPO OP began...
Nota
Nota
Nota
No real support here unless the Private Fed can pump...Nota
New Wave Sequence should be forming now...Nota
Nota
Nota
Could be another big down day...We will find out soon...
Nota
Watch the futures...Nota
Nota
Headline: STOCKS SURGE ON BETS CENTRAL BANKS TAKE ACTIONto fight a biological virus...
Nota
Price-action is Trapped in the 'Ending Diagonal'Nota
Nota
(Bloomberg) -- U.S. stocks surged as investors gained confidence that stewards of the world’s largest economies would act in concert to offset any impact from the spreading coronavirus.Nota
The S&P 500 jumped more than 3%, the most in a year, after news that Group of Seven finance ministers and central bankers will hold a teleconference Tuesday to discuss how to respond to the outbreak. Tech shares led gains after seven straight days of declines for the benchmark index, with monetary policy makers from Japan to England joining the Federal Reserve in promising to take action to support their economies if needed.Nota
In other words...'Lets Accelerate the Destruction of Value in our Currency'Nota
While Interest Rates plummet...Nota
Weekly:Nota
Nota
Nota
Should be beginning a new wave sequence down...Nota
30 Second Wave Sequence...Nota
Nota
We are about to drop...Nota
Nota
Target: $303-$301Nota
If $301 breaks look to $298...Nota
Nota
Nota
Nota
Another Correction...1 Minute Chart:
Nota
Still back in the 'ending diagonal'...Nota
Nota
Monthly Chart:Nota
Wave Count:Nota
Target Area:(If 'B Wave' has ended)
Nota
We should be turning extremely hard....Nota
Looking for a Minor Wave 3 to begin...Nota
Nota
Nota
We got the turn I was looking for...Nota
$3,031 is a Key Level.Nota
Daily Chart Update:Nota
Nota
If $3,031 breaks look to...Nota
$3,012Nota
Then $2098.50Nota
*Correction $2928Nota
Nota
5 Minute Count (Above)Nota
Nota
Moving Averages:EMA 33 Green
EMA 50 Yellow
Nota
EMA 300 RedNota
Nota
Nota
Estimate Micro-Wave 3 Target Area: $2980-$2928.50Timeframe: <7 Hours
Nota
Nota
Nota
Nota
Nota
Fed Suicide Watch...Interest Rates going to Zero...
Nota
Fed credibility gone...Nota
Nota
Going to create new Hourly thread.Nota
Nota
Nota
Should be picking up momentum to the downside...Nota
Nota
Immediate Target: $2984.25 - $2923.75Nota
Nota
Please Follow New Thread Here:
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.