CappyNate🍁 on Nostr: Interesting S&P 500 development. See the blue circle, showing 3 waves down off the ...
Interesting S&P 500 development. See the blue circle, showing 3 waves down off the high.
In Elliott Wave 3 waves indicate correction, 5 waves indicate trend. Thus, if we break 4,200 the move becomes 5 waves. Indicating trend and strongly suggesting the red scenario.
My gut says 4,200 will hold, and a rip higher is imminent for the green scenario. Pairs well with a BTC blastoff. But the charts will tell us. Let's see.
Published at
2023-10-20 19:09:26Event JSON
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"content": "Interesting S\u0026P 500 development. See the blue circle, showing 3 waves down off the high. \n\nIn Elliott Wave 3 waves indicate correction, 5 waves indicate trend. Thus, if we break 4,200 the move becomes 5 waves. Indicating trend and strongly suggesting the red scenario. \n\nMy gut says 4,200 will hold, and a rip higher is imminent for the green scenario. Pairs well with a BTC blastoff. But the charts will tell us. Let's see.\n\nhttps://void.cat/d/A3zoCgpjdLRDXLTZwTnr7N.webp",
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