Speculation on S&P500 futures (analysis and trading signals)

SunTrader said:
A good amount of volume traded yesterday at 3600, and today at 3590 and 3580.

Current $SPX wave count I have is wave 4 (complete? 10/05/22 or maybe one more push higher though not very likely) of a WAVE 3 of WAVE 5 down:-

View attachment 297262

So those buyers might have regrets in the near future if chart is correct.
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It will be interesting to see if your prediction comes true.
It seems to be more yes than no.
In general, in your experience, how much does this wave analysis seem to shift the probability in your favor (as a percentage)?
 
maxinger said:
good.

I shorted earlier at 3703.50.
my stop is 3703.50 + 3 points
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Thank you.
And I was afraid to short on 3703, I decided to wait for "confirmation")

Do you trade according to the rules, or intuitively?
 
LCC said:
Thank you.
And I was afraid to short on 3703, I decided to wait for "confirmation")

Do you trade according to the rules, or intuitively?
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Honestly, I am glad you asked.
many traders are not interested to know why.



I use Intermarket correlation to help in my trading.

This was what happened :


Hangseng went down massively & decisively about an hour earlier
(during the Hong Kong afternoon session).


subsequently
ES, NQ, RTY, DAX, cac40, India Nifty .... all went down at about the same time.

When the markets are intercorrelated,
when those ES, NQ, RTY, DAX, cac40, India Nifty .... big traders/investors reacted in harmony,
it is a high-probability trade.


so Yes. I wait for confirmation.
 
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LCC said:
It will be interesting to see if your prediction comes true.
It seems to be more yes than no.
In general, in your experience, how much does this wave analysis seem to shift the probability in your favor (as a percentage)?
More...
Sorry no idea. I trade, not test.
 
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