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S&P 500 (SPX)

Real-time capital.com
Symbol
Exchange
Currency
US500DerivedUSD
SPXNYSEUSD
Currency in USD
Disclaimer
4,967.23
-43.89(-0.88%)
Closed

S&P 500 Discussions

Pattern suggest middle of August we hit the top of next wave. Not sure how it plays out after but most likely a setup for that correction everyone waits for. Best guess is September is the big rollover month.
Do you ever trade Crude Gary? Any advice on where you think it is going?
No never. Has no discernable pattern other than major tops and bottoms. More to do with geopolitical and rig counts. Stick with the dollar, equities, metals. Used to play the futures till I got caught in a bad trade. Use straight options sometimes and 3X ETF for a monthly bet. Some moves are telegraphed better than others. this latest move was very hard to figure. Once I saw the completed 3rd wave down I knew where to look for a breakout or failure. Currently in a wave with 2 sub divisions. Almost always you get 5 or ever 7. Timing is also pretty even so far and suggest one month move from start of wave. Not always since it can truncate but usually that happens on fast moves. this looks normal and steady so far. I only play the "tells" since that is where the fast action happens. I first played the drop thinking it would break decisively. Lost some money, then saw the reverse and rode it up. Still have half position for another week.
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