$SPY TOP 20
Added 2023-09-23 17:10:19 +0000 UTCI am putting $SPY up early this weekend because I have spent some time on it today and wanted to focus on this without the distraction of having to upload 20 other charts too, as part of the Top 20 list.
The blue line at $431 did not hold this week and this made a new low so for the short term at least (one more week or so) I expect this to come down further and there is a very strong confluence level on the yellow trend line at the 200 Day MA and I have drawn this on the chart, it is between $427 and $419. $419 being the 200 Day MA and $427 being the yellow trend line.
I do not see this going lower than the 200 Day MA and I will say this again, this is a pull back and not a correction.
THIS IS AN OPPORTUNITY, it may not feel like it but pull backs never do, nor do red days feel great but it is times like this where you need to dig in deep and look at the big picture.
Use this market pullback to add to your positions or start positions in companies you have been watching for a long time.
Wave 5 will be next until the end of the year.
Comments
Waiting
makis
2023-09-26 16:31:13 +0000 UTClittle more
Gareth Neary
2023-09-26 16:14:02 +0000 UTC427$ right now!! Cap!
makis
2023-09-26 14:36:33 +0000 UTCCorrect
Gareth Neary
2023-09-24 00:25:42 +0000 UTCSo wave 5 likely to start in early October?
Steve Suric
2023-09-23 19:44:51 +0000 UTCThanks
makis
2023-09-23 17:29:45 +0000 UTCWXY has got 3 waves in each wave count, unlike an ABC which has 5 waves, 3 waves and 5 waves.
Gareth Neary
2023-09-23 17:25:45 +0000 UTCHow is WXY different than an ABC?
makis
2023-09-23 17:21:28 +0000 UTC
