SPY - The Crash - Part 7
SPY remain a STRONG SELL.Analysis Method: Fibonacci & Wave Theory
SPX has completed a 143 Year Super-CyclePlease see previous analyses for further information.
This is a continuation of the SP500 analysis that was started July, 2018.
SPY has completed a 5 Wave Super-Cycle (143 years) and is now in a correction phase.
An 'Irregular Correction' is when the B Wave exceeds the Terminal 5th Wave.
It is my opinion, the Private Federal Reserve is running out of monetary 'ammo'. The private bank can no longer raise interest rates and is now being forced to cut rates in an objectively 'good economy'.
All gains can directly be correlated to the Private Federal Reserve's monetary injections.
The Hedge: Cryptocurrency
Analysis Method: Wave Theory & Fibonacci
143 Year Super-Cycle:
Wave Theory Rule: 2/3 Impulse Waves will near equality
Irregular Correction are most often observed after a Wave Cycle with a Double Extension
Waves 3 & 5 both extended.
Will update.
FMW
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I believe we are seeing the end of the 'B Wave'.הערה
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Extending Wave 1 (Hourly)הערה
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$2829 is a key level...הערה
If $2829 breaks look to $2768...הערה
If 2829 holds, look for a correction sequence.הערה
Based on the price-action, it looks like we will break 2829.הערה
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Flat Corrections usually terminate around 100% & 123.6% Level respectively...הערה
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Let's see whats going on today...Previous analysis chart:
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Above: Daily Chartהערה
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Above: 3 Minute Wave Countהערה
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Above: Sub-Micro Sequenceהערה
Sub-Micro Retrace Levelsהערה
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Added Fib-Time:הערה
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Sub-Micro Wave Failed...הערה
Double Flat Correctionהערה
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Starting to finally close Gaps...הערה
And just like that...Back to the level before the REPO OP began...
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No real support here unless the Private Fed can pump...הערה
New Wave Sequence should be forming now...הערה
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Could be another big down day...We will find out soon...
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Watch the futures...הערה
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Headline: STOCKS SURGE ON BETS CENTRAL BANKS TAKE ACTIONto fight a biological virus...
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Price-action is Trapped in the 'Ending Diagonal'הערה
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(Bloomberg) -- U.S. stocks surged as investors gained confidence that stewards of the world’s largest economies would act in concert to offset any impact from the spreading coronavirus.הערה
The S&P 500 jumped more than 3%, the most in a year, after news that Group of Seven finance ministers and central bankers will hold a teleconference Tuesday to discuss how to respond to the outbreak. Tech shares led gains after seven straight days of declines for the benchmark index, with monetary policy makers from Japan to England joining the Federal Reserve in promising to take action to support their economies if needed.הערה
In other words...'Lets Accelerate the Destruction of Value in our Currency'הערה
While Interest Rates plummet...הערה
Weekly:הערה
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Should be beginning a new wave sequence down...הערה
30 Second Wave Sequence...הערה
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We are about to drop...הערה
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Target: $303-$301הערה
If $301 breaks look to $298...הערה
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Another Correction...1 Minute Chart:
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Still back in the 'ending diagonal'...הערה
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Monthly Chart:הערה
Wave Count:הערה
Target Area:(If 'B Wave' has ended)
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We should be turning extremely hard....הערה
Looking for a Minor Wave 3 to begin...הערה
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We got the turn I was looking for...הערה
$3,031 is a Key Level.הערה
Daily Chart Update:הערה
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If $3,031 breaks look to...הערה
$3,012הערה
Then $2098.50הערה
*Correction $2928הערה
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5 Minute Count (Above)הערה
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Moving Averages:EMA 33 Green
EMA 50 Yellow
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EMA 300 Redהערה
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Estimate Micro-Wave 3 Target Area: $2980-$2928.50Timeframe: <7 Hours
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Fed Suicide Watch...Interest Rates going to Zero...
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Fed credibility gone...הערה
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Going to create new Hourly thread.הערה
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Should be picking up momentum to the downside...הערה
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Immediate Target: $2984.25 - $2923.75הערה
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Please Follow New Thread Here:
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