Important Trading Update:
Since this rarely happens the institutional trading desks were concerned it was "the end of the world" as the PPT or Plunge Protection Team intervened (Fed working with GS and JPM) buying up the markets (Green Candles UP inside the light green oval) - usually DJI, SPX and NDX futures and or major index funds... Above the gold 50 DMA and certain to Test the red 200DMA before retrace to .38 and .618 short term target depicted by the light blue hash lines.
https://www.tradingview.com/chart/ES1!/0...ily-Chart/
The arching 3Jan Red Bar was our previous trading action until 4Jan Accelerated PPT Buying drove the markets up in an impulsing chain of Green Bars up to 17 Jan which broke above the 50DMA (inside Yellow Elipsis Oval) and impulsing 18Jan bar up to test the 200DMA next in the 2705 to 2750 technical to Emotional futures trading range. Top of his range reverse into wave 5 with .38 and .618 targets in light blue dashed lines with the full Yellow Bold ABC A=C from both Current Level and possible 2750 Futures Swing High... 2705 to 2750 trading range to occur this week after the MLK day banks holiday.
Green 40 Year SuperCycle Target near White Major Wave 1 run up as previous major support with White Wave 2 Swing Low as the potential full Yellow Corrective C wave down longest Bold Yellow A=C target...
https://www.tradingview.com/chart/SPX/SQ...e-Targets/
SC Wv4 Green and Major Waves 5 (Longer Purple and Shorter Orange 5 Waves) moved right for readability to the 2200 to 2150 dashed Orange and Blue lines retracement range.
I plan to Trade SPY PUTS Buy at 270 to 275 for a June strike price target of 250 taking .38 and .618 retracement profits and let the remaining fliers run for longer time expiration for 2000 to 2200 as Market does what it is supposed to do in spite of PPT interventions and completes SuperCyle Wave 4 down and Major Waves 5 completion targets before SuperCycle Run back up to 3000 to 3500 as previously charted.
Plenty of intraday and smaller chart trading wave 2 to 3 impulses down and up to profit from in the process.
NOTE: These discussions and any associated thread posts are not intended as investment advice in any way shape or form and are mentioned for informational purposes only now that we are entering a Major 40 Year S&P Supercycle Wave 3 to 4 Top Turning Reversal and then the Supercycle Wave 5 retracement. Seek competent professional advice to determine your risk tolerance before trading Options or Futures contracts. Never invest more than you can afford to lose.
Since this rarely happens the institutional trading desks were concerned it was "the end of the world" as the PPT or Plunge Protection Team intervened (Fed working with GS and JPM) buying up the markets (Green Candles UP inside the light green oval) - usually DJI, SPX and NDX futures and or major index funds... Above the gold 50 DMA and certain to Test the red 200DMA before retrace to .38 and .618 short term target depicted by the light blue hash lines.
https://www.tradingview.com/chart/ES1!/0...ily-Chart/
The arching 3Jan Red Bar was our previous trading action until 4Jan Accelerated PPT Buying drove the markets up in an impulsing chain of Green Bars up to 17 Jan which broke above the 50DMA (inside Yellow Elipsis Oval) and impulsing 18Jan bar up to test the 200DMA next in the 2705 to 2750 technical to Emotional futures trading range. Top of his range reverse into wave 5 with .38 and .618 targets in light blue dashed lines with the full Yellow Bold ABC A=C from both Current Level and possible 2750 Futures Swing High... 2705 to 2750 trading range to occur this week after the MLK day banks holiday.
Green 40 Year SuperCycle Target near White Major Wave 1 run up as previous major support with White Wave 2 Swing Low as the potential full Yellow Corrective C wave down longest Bold Yellow A=C target...
https://www.tradingview.com/chart/SPX/SQ...e-Targets/
SC Wv4 Green and Major Waves 5 (Longer Purple and Shorter Orange 5 Waves) moved right for readability to the 2200 to 2150 dashed Orange and Blue lines retracement range.
I plan to Trade SPY PUTS Buy at 270 to 275 for a June strike price target of 250 taking .38 and .618 retracement profits and let the remaining fliers run for longer time expiration for 2000 to 2200 as Market does what it is supposed to do in spite of PPT interventions and completes SuperCyle Wave 4 down and Major Waves 5 completion targets before SuperCycle Run back up to 3000 to 3500 as previously charted.
Plenty of intraday and smaller chart trading wave 2 to 3 impulses down and up to profit from in the process.
NOTE: These discussions and any associated thread posts are not intended as investment advice in any way shape or form and are mentioned for informational purposes only now that we are entering a Major 40 Year S&P Supercycle Wave 3 to 4 Top Turning Reversal and then the Supercycle Wave 5 retracement. Seek competent professional advice to determine your risk tolerance before trading Options or Futures contracts. Never invest more than you can afford to lose.