TWEET: $SPY
Added 2025-04-15 10:31:22 +0000 UTCObservation found today on the Monthly chart with the MACD indicator.
$SPY chart has not changed in 9 months.
The Monthly MACD is showing a big concern here.
The last time there was a cross like this was in March '22 and the price declined until October '22.
Coupled with a Death Cross on the daily chart now between the 50 and 200 Day MA.
I believe the only way to break this trend is by a complete withdrawal of all Tariffs by the US, otherwise Wave 2 plays out as shown.
Comments
Cap, Voj! Primary Waves are the only ones whose numbers are surrounded by circles or also Subwaves?
Sol
2025-04-15 11:14:05 +0000 UTCThe removal of tariffs
George
2025-04-15 10:52:52 +0000 UTCNot gonna happen.
George
2025-04-15 10:52:30 +0000 UTCThey are fractal, Matt, meaning they can occur across any timescale. I think Cap is showing that the entire impulse (waves 1-5) are the impulse wave for the wave labelled as 1 (or 5 for the impulse)
Mark H
2025-04-15 10:39:04 +0000 UTCOn your chart - How can wave 1 also be wave 5? Doesn’t there need to be an ABC before a new impulse wave starts?
Matt C
2025-04-15 10:36:10 +0000 UTC
