To The Moon

Rally in $SPX Expected to Fail According to Elliott Wave March 21, 2023 By EWFHendra S&P 500 (SPX) rally from 10.13.2022 low was in 3 swing and ended wave (2) at 4194.16 as the 1 hour chart below shows. Wave (3) lower is now in progress as a 5 waves impulse Elliott Wave structure. Down from wave (2), wave ((i)) ended at 3943.08 and rally in wave ((ii)) ended at 4078.49. The Index extended lower again in wave ((iii)) towards 3842.91 and rally in wave ((iv)) ended at 3937.27. Final leg lower wave ((v)) ended at 3838.24 which completed wave 1. Wave 2 rally is now in progress to correct cycle from 2.3.2023 high. Internal of wave 2 is in progress as a zigzag Elliott Wave structure. Up from wave 1, wave ((a)) ended at 3964.46 and pullback in wave ((b)) ended at 3901.27. Final leg higher wave

My last trade was long $MAPLETREE INDUSTRIAL TRUST(ME8U.SI)$ . As with the other SREITs, its price has been hit badly due to rate hikes. The reit is however, still sound and it pays good dividends. So my strategy is to buy while the price is badly beaten down and get dividends while waiting for its price to reboundback to at least the $2.80-$3 range and for me to dollar cost average down to enjoy great capital gains later on. Of course, to be able to use a stock voucherfrom Tiger that was redeemed using my coins made it more attractive[Grin] [Grin]