$SPY TOP 20
Added 2023-10-13 18:23:40 +0000 UTCSame chart as yesterday, we got the flush down to complete Wave A followed by Wave B bounce to the 200 Day MA today, which was rejected as expected and now it looks like we are getting a final pull back for Wave C now.
I will be looking for the 0.5 Fib at $428 as a potential support line, as the yellow trend line is here too and this has been a support line since October 2023.
It is worth noting that the 0.618 Fin is at $426 too which is also the standard pull back Fib.
So no surprises from the market today.
Comments
I have thought that the top of impulsive wave is still 3 and we are now in wave 4 ABC correction going into wave 5
ayman janbi
2023-10-15 16:59:15 +0000 UTCLikewise bagged about +200% from the top but also sold out too early
Chris P
2023-10-14 03:48:16 +0000 UTCLegend Slim, I love how disciplined you are!
Gareth Neary
2023-10-13 19:30:20 +0000 UTC500% on Put options today from top of wave B towards C…sold too early, but I’ll take the 500% 😂…..your chart doing its magic as usual. Can’t wait for next week. Thank you!
SLim
2023-10-13 19:26:01 +0000 UTC
