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Strategies & Market Trends : Humble1 and Swing Trading Friends

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To: POKERSAM who wrote (28807)	5/19/2018 12:11:52 AM
From: POKERSAM	Read Replies (1) of 41169

Well, here we are at the end of opex week and as expected it was out of the ordinary. opex is usually an up week but those expecting the usual were disappointed. The DOW had a top to bottom swing of 354.8 points and closed off its low at minus 116.08. The SPX suffered a similar fate with a 40.19 point swing and close off its low at minus 14.75. The RUT did better for the week closing at 1626.63 up 19.84 and a new ATH. There were a few radical bulls who predicted that this week would be up huge across the board. They, of course, were wrong. A decline from S&P 2742 of 350 points is still expected. This Intermediate wave (3) will have the usual five waves down and three waves up pattern repeated four times with the final fifth wave down to end wave (3). These 5 minor waves will be labeled 1,2,3,4,5. This is based on the evidence now present and is my best estimate of what is to come.

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