Watching VIX daily for a small pullback and maybe sideways, and then possibly through the descending trendline from the covid highs.
This would coincide with elliott wave analysis for the SPY for another leg down, and also the FOMC meeting coming next week (5/3), which is expected to bring volatility.
Initial fib target $37.13, but the descending trendline break and push above prior resistance levels could get a jump into the 40's or higher
This would coincide with elliott wave analysis for the SPY for another leg down, and also the FOMC meeting coming next week (5/3), which is expected to bring volatility.
Initial fib target $37.13, but the descending trendline break and push above prior resistance levels could get a jump into the 40's or higher
註釋
Playing out nicely so far. Pulled into fib levels and bounced above trendline. Now backtesting the major trendline.
I am anticipating sideways action during the runup to Wednesday's FOMC meeting, which will also allow the 21ema to catch up a bit, before another move higher or lower.
註釋
FOMC day!
This fib target $37.13 was barely missed - and the fib setup is still intact, and waiting for it to still be hit
免責聲明
這些資訊和出版物並非旨在提供，也不構成TradingView提供或認可的任何形式的財務、投資、交易或其他類型的建議或推薦。請閱讀使用條款以了解更多資訊。