It did take some time but eventually, it was the Volatility Trigger in the SPY that eventually triggered both the S&P 500 and the Nasdaq 100 to do what I'm looking at as the first trigger for the start of the "Risk off" trade. On an Elliott Wave basis I'm updating in more detail the Minor 5th wave up scenario. I label that out as well -- I discuss the possible upcoming moves to finish the correction now in progress - that being minuet wave ii of minute wave 3 of Minor V. I also review the Fibonacci sequences to finish the minuet second wave and what to look for confirmation wise if minuet wave iii were to begin with an upward thrust.
Disclaimer: Futures and Options trading has large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in the futures ...
Disclaimer: Futures and Options trading has large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in the futures and options markets. Don’t trade with money you can’t afford to lose. This is neither a solicitation nor an offer to Buy/Sell futures or options. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this web site. The past performance of any trading system or methodology is not necessarily indicative of future results.
CFTC Rule 4.41 – Hypothetical or simulated performance results have certain limitations. Unlike an actual performance record, simulated results do not represent actual trading. Also, since the trades have not been executed, the results may have under-or-over compensated for the impact, if any, of certain market factors, such as lack of liquidity. Simulated trading programs in general are also subject to the fact that they are designed with the benefit of hindsight. No representation is being made that any account will, or is likely to, achieve profit or losses similar to those shown.