$SPY TOP 20
Added 2023-10-12 21:28:19 +0000 UTCYesterday I showed this chart stating that I can see 5 small subwaves now and we need a healthy pullback before it can go higher.
As the price has moved very well from $421 to $437....so even though we said there was a pull back due and this was healthy, there was still some puzzled comments in the Telegram group today....my only conclusion is that these people are not paying for the subscription so do not understand, but even the very basic level of beginners now know that once there is a strong move up, there is a pull back....
Anyway, we will continue as normal.
I may have to do something about keeping non paying members in the Telegram group because their confusion and lack of knowledge is affecting the group.
Good healthy pull back today after rejecting at the 200 Day MA on the 1hr and moving down to our Wave A level, tomorrow will likely see a small bounce for Wave B before completing Wave C at the yellow trend line around the 0.5 Fib at $428.
Comments
Perfect Garβ¦ so far everything π
Qubas
2023-10-13 04:19:15 +0000 UTCNice work, clear rejection yesterday and the gap fill in the PM today showed that it was time to move down for a bit. No surprises.
Gareth Neary
2023-10-12 21:42:07 +0000 UTCI was so lucky to have seen your most updated SPY chart..::300% move to the down side in options play today, just as wave A was shown, although the bulls tried really hard todayπ₯ TY!
SLim
2023-10-12 21:35:17 +0000 UTC
