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El Bichote de Los Gráficos🇵🇷
@ElBichoteDeLosGraficos
$SPY (SPX500/USD) 👀 - 🚨Market Update: 09/01/2022 🚨 🚀 My long-term forecast for the S&P 500 Stock Market Index is as follows: 💎 After at least two more 2 swings to complete Wave 2, in red, of the Minor #ElliottWave degree (between now or after #NFP and #LaborDay ), I am anticipating #SPX500USD to begin impulsing for Wave 3, in red; to carry out its own set of 5 waves in blue (i, ii, iii, iv, & v). 💎 When Waves 4 and 1, overlap, this invalidates basic Elliott Wave principles of a Wave 4, and causes for an extended (nested) impulse structure to be carried out. This means that within the initial 5 waves of the larger degree, there will be another subdivision of 5 waves in smaller degree to be carried out before the wave count on the larger degree can continue to be counted. 💎 As always, we will need to continue to simultaneously monitor the price action of the U.S. Dollar Currency Index ( #DXY ), as the S&P 500 (and other stocks / cryptos) typically are inversely correlated and go the opposite way. 💎Timing is key! I cannot say this enough. Price doesn’t know time and time doesn’t know price. Be patient, follow the rules, your trading/investing plan and #profitability is in your near future. Trust me! 💎 As always, don't take my word. Do your own research first. Investing involves risks and you accept those risks on your own everytime you enter the #markets . 📊 To View or Save My Chart: https://www.tradingview.com/x/OEtmElD9/ #longterm2022 #possabilities #alittleatatime #buildandgrow #time4change #invest #buythedip #staystrong #evs #accumulation #technicalanalysiswanted #technicalanalysis #daytrader
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