I have been flat on SPX500 in the previous week or two and now I think I see a nice trading opportunity. Having looked at a bigger count I think we are going to ATH.
Elliottwave.com still holds bearish scenario as their base case though offering the alternative bullish count similar to mine (albeit more controversial in my view). Recently I often disagree with gurus of Elliottwave theory about practical nuances of counting waves.
So, the trading opportunity is to wait for a pullback to finish at 2995 and go long. Perhaps the rate cut will be a turning point.
Elliottwave.com still holds bearish scenario as their base case though offering the alternative bullish count similar to mine (albeit more controversial in my view). Recently I often disagree with gurus of Elliottwave theory about practical nuances of counting waves.
So, the trading opportunity is to wait for a pullback to finish at 2995 and go long. Perhaps the rate cut will be a turning point.
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➡️t.me/charta_energeia — Telegram channel for regular Elliott Wave, level, and trend analysis on Oil, Gas, and Crypto.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
➡️t.me/charta_energeia — Telegram channel for regular Elliott Wave, level, and trend analysis on Oil, Gas, and Crypto.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.