Ewj: elliott wave

Im not closing anything. We can do this fast or slow. The bulls are stumbling and going to hit the mat. They wanna flush hard tomorrow I will get out, otherwise I will let 5 take its coarse.
 
Looking at my 1yr daily chart of spx

Reviewing my noob charts, holding short may be a bit aggressive. This has been a great 5 wave on my chart, however it should be about over. If that is the case then not much more on downside.

But....

My chart sayin this could be a 3 wave.
What if 11/4 to 11/20 was 5.

Then we began another 5 count down on 1/7. Then we are in a wave 3.

Imo, no way we hit 600 if this is wave 5. If this is 3 we will hit 600 with ease. Next 2-3 days will show me everything. If I start taking a loss it was a 5, if not its a 3. Holding...
 
Bank of Canada is expected to cut Overnight Rate by 0.5 percent point at 9:00am tomorrow. Which seems to be the main reason that pushed USDCAD higher in the last two days.
 
Back
Top