SPDR S&P 500 ETF TRUST
Atualizado

SPY 5th wave in progress

447
Small video about the near term price action into later January. In general, the small rally yesterday was perceived as bullish - SPX put call ratio dropped to 1.29 ycharts.com/indicators/cboe_spx_put_call_ratio.

However, I believe the 5th and final wave of this sequence will be finished next week. January should be percieved as bullish again before the larger move down.

Good luck!
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fib area reached, taking a little profit here. They may bearflag here for a day
snapshot
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under the fib, they may just slice through everything. Many are trapped. snapshot
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First wave may be done, fib line may get a bounce snapshot
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if this is a bear flag, 372 is the target and there will be minimal bounces snapshot
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spy already to 376, many are trapped and no bounces to get out...taking more profit snapshot
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Hourly bull divergences building here, It's a falling knife but I'm adding some long positions, very small. snapshot
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daily BB at 375, should find some support near there, we're 60 cents away snapshot
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possibly one more low tomorrow, not really sure if this is correct. snapshot
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looks like santa came already snapshot
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looks like a reversal on daily, but look at the daily ma cluster above....
snapshot
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spinning top on spy, while it does look like a reversal, there's a potential that we are in an ending diagonal, so if tomorrow we sell more, I expect we could make a very choppy bottom before the main reversal. Just be cautious before going "all in". I'm sure many are thinking this is the bottom, I can't tell just yet. snapshot

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