S&P Sell

[Steve Griffiths]

Hi Guys

Interesting that we have just got a TS2 sell on the S&P Cash...

I wonder if we will make a high here ?

Steve

[jjc]

Hi Guys

Interesting that we have just got a TS2 sell on the S&P Cash...

I wonder if we will make a high here ?

Steve

Start of a new moon too, huh? (Gann - sell new moon) :)

[Eddo]

Hi Guys

Interesting that we have just got a TS2 sell on the S&P Cash...

I wonder if we will make a high here ?

Steve

Yes and we have similar on the $RUT (Russell 2000) on its daily

[Steve Griffiths]

Hi Guys

Already in the 2-3 Profit zone, as the TS4 sell nailed the high perfectly :)

Steve

[sr100m]

Hi Steve

Related to the above setups i've posted 2 recent charts on the SPY - the first (jan 30th) got stopped out. The second, feb 1st/4th worked and if premarket today is anything to go by is going to keep on towards the intermediate w5 down.

Both reversed with a red bar at/around intermediate wave 4 and min wpt of a minor abc (making them a ts2 i think - i did the analysis with the "find eliot waves" button)

As a learning point, would you or would you not have taken the first setup (the one that got stopped out) and why? Thanks. Paul