This week I continue to begin on the 3-year weekly chart for the SPX (cash) and the focus remains on the move off of the July 11th highs which completed the Minor 3rd wave.
This week I continue to begin on the 3-year weekly chart for the SPX (cash) and the focus remains on the move off of the July 11th highs which completed the Minor 3rd wave. Since that point the SPX has been tracing out the Minor 4th wave correction. Today I'm presenting what I believe are the 3 different scenarios that could be unfolding. I also feel that we will arrive at the completion point for Minor 4 if it is not complete and the resolution of which of the 3 scenarios is in force on Wednesday at 2 PM EDT when the FED announcement comes out. I also include today a continued discussion of the "flows", capital, options and gamma and why I continue to consider the levels produced by Spot Gamma to be very valuable and useful in trading.
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