I explored almost all my knowledge to prepare this GREAT S&P 500 chart for our TRADING VIEW mambers
The index is in 4th Wave of GRAND SUPER CYCLE. usually 4 th wave will be a simple FLAT. BUT due to QE by FED and Artificial liqudity by Policy Makers , the impact of ressesion (wave 'C' Down )in 4h wave is postponed to 10 years.
Hence the recovery wave (B) is overextented by 4.236 times of wave(A). Wave (B) has a target of 4444 on 14th june beforemuch awaited wave (C)
Mean while we have a chance to make some money in shorts before 12th APR while the index will took a bullish TL support @ 3000.
Trade well,Earn well,spend well
Selvam.B
option buyer, Neo Wave practitioner
The index is in 4th Wave of GRAND SUPER CYCLE. usually 4 th wave will be a simple FLAT. BUT due to QE by FED and Artificial liqudity by Policy Makers , the impact of ressesion (wave 'C' Down )in 4h wave is postponed to 10 years.
Hence the recovery wave (B) is overextented by 4.236 times of wave(A). Wave (B) has a target of 4444 on 14th june beforemuch awaited wave (C)
Mean while we have a chance to make some money in shorts before 12th APR while the index will took a bullish TL support @ 3000.
Trade well,Earn well,spend well
Selvam.B
option buyer, Neo Wave practitioner
Komen:
CORRECTION ; Please pardon me it is 3600 instead of 3000