For now, the S&P 500 remains in the process of putting in Minor "a" of Intermediate wave 4. I lay out the alternate, but again I'm leaving it in the alternate position for now.
I'm switching over to posting the weekly update on Friday. Tonight I review the EW count(s). Update the charts on both the cash (SPX) and futures (ES) on the EW labeling and the Fibonacci levels. For now, the S&P 500 remains in the process of putting in Minor "a" of Intermediate wave 4. I lay out the alternate, but again I'm leaving it in the alternate position for now. I also go into a more detailed discussion on the the "flows - capital, options, and gamma" and more on what it means to be in "negative gamma territory." What can we expect to see when the markets break below "volatility triggers" , call and put walls. What effect do large gamma positions have when test and or broken. I'm presenting this now in advance of the Memberships beginning on Monday January 13th. I will be adding the "levels" for the SPX, ES, NDX, NQ, and the SPY and QQQs on each update -- and will be updating them as part of our Discord Alert Service. Sascha and I will be posting a short video on all of this on Saturday 1/11/2025.
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