Humble1 and Swing Trading Friends Message Board

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Strategies & Market Trends : Humble1 and Swing Trading Friends

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techtrader73

From: bob_o	11/24/2025 4:58:08 AM
	1 Recommendation of 41190

If what I’m seeing as a possible wave count on the S&P is correct, it looks like we’ve had a series of 1’s and 2’s of lesser degrees starting at the late October high. A strong rally today would not only raise the bullish sentiment, with folks talking about the 100 DMA holding, but could produce the last easily recognizable wave 2 high. For this scenario to be correct, the preference would be for the S&P not to go above ~6680, but it wouldn’t have to go anywhere near that to still be valid. Also, I’ve mentioned the correlation between Bitcoin and the S&P. If the S&P were to even partially catch up to the drop in Bitcoin, it would be a pretty scary decline. We'll see how it plays out.

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