Hello everyone! Today i want to share some trading ideas with you!
1
Quarter-ending Window Dressing Goes Extreme: $S&P 500(.SPX)$
(1) this huge rebound has nothing to do with reality; but has everything to do with bond-re-adjustment;
(2) so far, only 3-wave off the low at 6316; also, THE BLACK TRENDLINE should be respected, at least short-term. SHORT at 6540
2
Beauty of EWT:
(1) While fintwit is filled with comments of the "biggest bull trap" and "dead-cat bounce," I saw the beauty of a classic 5-wave up with an extended 1st wave.
(2) it is a pure beauty--if true--then tmrw, a zigzag retrace would take SPX to at least 6455 mid-day.
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