S&P 500 Index
Short
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SPY - The Crash - Part 7

695
SPY remain a STRONG SELL.

Analysis Method: Fibonacci & Wave Theory

SPX has completed a 143 Year Super-Cycle

Please 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:
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Wave Theory Rule: 2/3 Impulse Waves will near equality
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Irregular Correction are most often observed after a Wave Cycle with a Double Extension

Waves 3 & 5 both extended.

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Will update.
FMW
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I believe we are seeing the end of the 'B Wave'.
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Extending Wave 1 (Hourly)
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$2829 is a key level...
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If $2829 breaks look to $2768...
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If 2829 holds, look for a correction sequence.
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Based on the price-action, it looks like we will break 2829.
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Flat Corrections usually terminate around 100% & 123.6% Level respectively...
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Let's see whats going on today...

Previous analysis chart:
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Above: Daily Chart
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Above: 3 Minute Wave Count
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Above: Sub-Micro Sequence
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Sub-Micro Retrace Levels
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Added Fib-Time:
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Sub-Micro Wave Failed...

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Double Flat Correction
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Starting to finally close Gaps...

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And just like that...

Back to the level before the REPO OP began...

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No real support here unless the Private Fed can pump...
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New Wave Sequence should be forming now...
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Could be another big down day...

We will find out soon...
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Watch the futures...
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Headline: STOCKS SURGE ON BETS CENTRAL BANKS TAKE ACTION

to fight a biological virus...
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Price-action is Trapped in the 'Ending Diagonal'
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(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.
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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.
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In other words...'Lets Accelerate the Destruction of Value in our Currency'
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While Interest Rates plummet...
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Weekly:
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Should be beginning a new wave sequence down...
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30 Second Wave Sequence...

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We are about to drop...
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Target: $303-$301
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If $301 breaks look to $298...
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Another Correction...

1 Minute Chart:
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Still back in the 'ending diagonal'...
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Monthly Chart:
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Wave Count:
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Target Area:
(If 'B Wave' has ended)


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We should be turning extremely hard....
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Looking for a Minor Wave 3 to begin...
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We got the turn I was looking for...
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$3,031 is a Key Level.
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Daily Chart Update:
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If $3,031 breaks look to...
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$3,012
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Then $2098.50
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*Correction $2928
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5 Minute Count (Above)
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Moving Averages:

EMA 33 Green
EMA 50 Yellow
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EMA 300 Red
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Estimate Micro-Wave 3 Target Area: $2980-$2928.50
Timeframe: <7 Hours
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Fed Suicide Watch...

Interest Rates going to Zero...
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Fed credibility gone...
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Going to create new Hourly thread.
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Should be picking up momentum to the downside...
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Immediate Target: $2984.25 - $2923.75
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Please Follow New Thread Here:
SPY - The Crash - Part 8

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