es 5-2 update ~
good evening humans,
everyone seems to be really bearish these days; it's actually kinda gross.
so i'm just going to come out and say,
the bear days are about to end.
----
we poked the wave 3 (of wave c) target today,
saw a really nice reaction from it which came up in the cleanest 5 waves i've seen in awhile.
our trading room expected this drop, and we got in right at the bottom ;).
----
likely see a little retracement of todays push,
before seeing temporary follow-through to the upside.
----
wave 4 target sits at 4223, but es is known for having deep 4's.
could push as high as 4345 before the final dip down comes through.
----
wave 5 target sits nicely at 3950.
double confluence at this level yet again.
it will be heavily defended, and a massive short squeeze will take place once the algo target has been met.
----
i remain under the impression that spy will see one final extension to the upside, to roughly 575~$620 in the year ahead.
it might not seem like it's possible right now, but here's the thing.
pessimism in the markets are at 2009 levels.
when the majority flips bearish, markets go up.
when the majority flips bullish, the markets turn down.
---
you buy,
i sell
you sell
i buy.
~the pendelum swings in both directions
and i,
swing with it.
✌
everyone seems to be really bearish these days; it's actually kinda gross.
so i'm just going to come out and say,
the bear days are about to end.
----
we poked the wave 3 (of wave c) target today,
saw a really nice reaction from it which came up in the cleanest 5 waves i've seen in awhile.
our trading room expected this drop, and we got in right at the bottom ;).
----
likely see a little retracement of todays push,
before seeing temporary follow-through to the upside.
----
wave 4 target sits at 4223, but es is known for having deep 4's.
could push as high as 4345 before the final dip down comes through.
----
wave 5 target sits nicely at 3950.
double confluence at this level yet again.
it will be heavily defended, and a massive short squeeze will take place once the algo target has been met.
----
i remain under the impression that spy will see one final extension to the upside, to roughly 575~$620 in the year ahead.
it might not seem like it's possible right now, but here's the thing.
pessimism in the markets are at 2009 levels.
when the majority flips bearish, markets go up.
when the majority flips bullish, the markets turn down.
---
you buy,
i sell
you sell
i buy.
~the pendelum swings in both directions
and i,
swing with it.
✌
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