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Strategies & Market Trends : Elliott Wave and Index Trends with POKERSAM
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From: Fintas1/7/2019 3:32:14 PM
2 Recommendations

Recommended By
Ms. Baby Boomer
toccodolce

   of 1764
 
SPX and a 25 VB. This is a 3 box reversal however I'm also using a 2 box reversal.

WHY? I expect at some point for the x's to end at levels that are easy to be seen and then as some will be expecting a 3 box reversal the 2 box will kick in before they know it. I could use a 1 box but I'll let those who trade do that to avoid whip saw. BOTTOM LINE, PS has a good idea of it's rally up as well as a few others.

AND when it's done. I'm expecting a retest of previous lows and then some. SEE BELOW CHART

KEEP IN MIND I have NOT CHANGED MY VIEW. The larger boxes are in control UNTIL they are not. IT worked that way to the UP and with the 486. It will work that way to the DOWN. The question is WHAT SIZE larger box.

On the other hand, If you are looking at the DOW it's the 972 that turned down.That will expand to the 1458 etc. Longer term re DOW the and UP it was the 4860 OFF 9720 or 14580/19400/24300 and stopping in the 26K area That added 2k of 10% was what I refer to as fluff. Yet as we have seen the risk off the highs was 20% so far. I expect 19440 and underneath 18600/15600 to be tagged. That means OL JPM has lower to go along with others in the DOW and DITTO re the SPX.

I'd be paying attention to what PS is suggesting unless you are the best of the best re trading. FEW ARE.

Oh and it's not hard to see the 2106/2268 for the SPX IF you want to see it. IMO

Fintas

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