MasterWU

    • MasterWUMasterWU
      ·16:05

      .SPX: Bet a 3-4 Weeks' of Consilidation Period is Needed

      Hello everyone! Today i want to share some technical analysis with you! 1 Long-legged Doji Candle: $S&P 500(.SPX)$$Invesco QQQ(QQQ)$ (1) after a record-setting 12 Green Daily Candles in a row, QQQ, along with its peers, SPX, DJI, etc. set up a Long-legged Doji candle on Thursday. (2) it shows in-decision or a turning point of a strong trend. Need a mid-sized red candle tmrw to confirm 2 Wow, while SPX & other indexes jumped over 5% last 5 sessions, AAII bearish sentiment remains the same, 10% higher than the bullish side. This indicator alone is NOT a good sign that the market is anywhere near the top. I would bet a 3-4 weeks' of consilidation period is needed
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      .SPX: Bet a 3-4 Weeks' of Consilidation Period is Needed
    • MasterWUMasterWU
      ·04-16 11:43

      .SPX: A W-4 will Bring SPX to Sub-6800

      Hello everyone! Today i want to share some trading ideas with you! 1 MPW Mid-Week Update Posted: (1) did some chart-review & soul-searching after the last three sessions of "shock & awe" operation. (2) I believe the market has shown its hand--to accommodate, I will refrain from day-trading until mid-May. 2 Enough is enough. Short it here with $SPDR S&P 500 ETF Trust(SPY)$ 690 puts, expire 4/17. An ending diagonal of a w-5 is almost complete at 7000 level, which is also heavy resistance zone from previous ATH. This is not the top of this bullish run, only the top of W-3. A W-4 will bring SPX to sub-6800
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      .SPX: A W-4 will Bring SPX to Sub-6800
    • MasterWUMasterWU
      ·04-15 13:48

      .SPX: The Unavoidable Loophole of a "Rational Trader"

      Hello everyone! Today i want to share some trading ideas with you! 1 The Unavoidable Loophole of a "rational trader": (1) the following $S&P 500(.SPX)$ Daily roadmap was posted to MPW subs on Apirl 4th, in Scroll 218. (2) I had two options for SPX, Black path is primary wave count & Blue path is alternate. (3) However, in retrospect, I made a mistake here by being too rational. BLUE is the right path. Why? (4) I read a lot of reflections from bulls and bears about the ongoing, insane, irrational melt-up rise. All in all, I believe this is a perfectly fitting "exclamation mark" to an insanely long and over-extended BULL MARKET from March 2009. The giant clock of market God is ticking toward the finish line and yeah, time is
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      .SPX: The Unavoidable Loophole of a "Rational Trader"
    • MasterWUMasterWU
      ·04-14

      SPY: A Very Slim Chance to Fill the Large Gap

      Market Review: $SPDR S&P 500 ETF Trust(SPY)$ (1) the opening gap down was so small and short-lived, which already cast doubt on the ultra-bearish theory. (2) as I noted a few days ago--"if 6800 is broken to the upside, then it would signal a large W-3" to ATH. It looks like that will be the case now. (3) I have updated my primary count in Bamboo Scroll #219, posted to SUBS on April 11th, which already adopted this new roadmap. That was posted before the failed negotiation. (4) short-term, today's run is indeed wild and a bit unexpected--I was stopped out half of my 4/20 675 puts BE; & re-entered again mid-day near 6860 zone. (5) the last hour's squeeze-higher only appears in two spots: either the 3rd of 3rd of a bullish leg,
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      SPY: A Very Slim Chance to Fill the Large Gap
    • MasterWUMasterWU
      ·04-10

      SPY: Buddha Smile W-C to 6800

      Hello everyone! Today i want to share some trading ideas with you! 1 Buddha Smile W-C to 6800: $S&P 500(.SPX)$ (1) a large zigzag from 6316 low has formed; now, it is the sideway w(4) of W-C, which will probably extend to Friday to resolve. (2) if breaking 6800 to the upside--which I DOUBT, that would signal a large W-3, rather than a corrective W-C. 2 6812--that should be it [My target range]. Buying 4/20 SPY 675 puts and will keep radio silent till next Monday. GLTA. For SG users only, Welcome to open a CBA today and enjoy access to a trading limit of up to SGD 20,000 with unlimited trading on SG, HK, and US stocks, as well as ETFs. 🎉Cash Boost Account Now S
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      SPY: Buddha Smile W-C to 6800
    • MasterWUMasterWU
      ·04-07

      .SPX: 6600 Strong Resistance

      Hello everyone! Today i want to share some trading ideas with you! 1 6600 strong resistance: $S&P 500(.SPX)$ (1) geopolitical conflicts aside, the market is sitting on a confluence zone near 6600-6620. (2) it has to make a decision soon--probably coinciding with Trump's presser at 1:00pm. (3) my vote is DOWN, to form a flat w-b; or worse, a larger W(B) for W-[2] For SG users only, Welcome to open a CBA today and enjoy access to a trading limit of up to SGD 20,000 with unlimited trading on SG, HK, and US stocks, as well as ETFs. 🎉Cash Boost Account Now Supports 35,000+ Stocks & ETFs – Greater Flexibility Now Find out more here. Complete your first Cash
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      .SPX: 6600 Strong Resistance
    • MasterWUMasterWU
      ·04-03

      SPY: Next Monday's Low Would Be a Good Entry for LONG

      Hello everyone! Today i want to share some trading ideas with you! 1 6480--here we are! $SPDR S&P 500 ETF Trust(SPY)$ 1, told you that I loaded my small option day-trading account with 4/6 & 4/10 SPY puts--I drew the roadmap ystdy, and told you where I entered the trade. 2, will set up trailing stop and hard stop at open--most likely an "easy double"--as I used to say. GLTA Busy Trading Session: (1) a trending day with key levels to watch; (2) will get to my 6450 zone mid-day, and expect a small rebound in last hour or so; (3) the long weekend may usher in a totally different war picture--ground troop joining the conflict, will keep some 4/6 puts. Out of HALF positions at open with trailing stops. Added some 0dtx SPY puts
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      SPY: Next Monday's Low Would Be a Good Entry for LONG
    • MasterWUMasterWU
      ·04-01

      .SPX: Quarter-ending Window Dressing Goes Extreme

      Hello everyone! Today i want to share some trading ideas with you! 1 Quarter-ending Window Dressing Goes Extreme: $S&P 500(.SPX)$ (1) this huge rebound has nothing to do with reality; but has everything to do with bond-re-adjustment; (2) so far, only 3-wave off the low at 6316; also, THE BLACK TRENDLINE should be respected, at least short-term. SHORT at 6540 2 Beauty of EWT: (1) While fintwit is filled with comments of the "biggest bull trap" and "dead-cat bounce," I saw the beauty of a classic 5-wave up with an extended 1st wave. (2) it is a pure beauty--if true--then tmrw, a zigzag retrace would take SPX to at least 6455 mid-day. For SG users only, Welcome to open a CBA today and enjoy access to a trading limit of up to SGD
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      .SPX: Quarter-ending Window Dressing Goes Extreme
    • MasterWUMasterWU
      ·03-31

      .SPX: 6440 Will Be Retested AGAIN

      Hello everyone! Today i want to share some trading ideas with you! 1 Green Path: $S&P 500(.SPX)$ (1) large gap-up to open the last trading sessions of March, as well as first quarter. (2) 6440 will serve as a MAJOR resistance and I think it will stop today's rebounds. (3) also, the hand-pointed trendline would serve as strong support--btw, gap-fill is possible. As expected, the LARGE opening gap is alomst closed. Now, large chopping sideway moves btw 6440 and 6360; Nimble traders would make money by trading both ways. 6388 PIN: (1) dragged by two forces between 6440 and 6360, there won't be any breakthrough today. (2) I would bet that SPX closes near 6388, with chopping moves in-between for the next four hours. (3) will tra
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      .SPX: 6440 Will Be Retested AGAIN
    • MasterWUMasterWU
      ·03-30

      .SPX Faces the Crossroad Now?

      Hello everyone! Today i want to share some trading ideas with you! 1 The Year of Firy Horse (1966 vs. 2026) --first chart is DJI weekly chart from 1965-1967 --second chart is DJI weekly chart from 2025-2027 --third chart is a comparison. [BTW, this comparison & roadmap was presented to MPW Bamboo Scroll subs on Dec. 20th, 2025, in Scroll #203]. 2 "No Country for Slow Traders": (1) if you don't know how to properly set up stops and place fewer than 20 trades per day, stay away from the current market. (2) to SUBs: my 30-min roadmap didn't draw the path for a prolonged bottoming process, which is possible too--see below. For SG users only, Welcome to open a CBA today and enjoy access to a trading limit of up to SGD 20,000 with unlimited trading on SG, HK, and US stocks, as well as ETFs.
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      .SPX Faces the Crossroad Now?
     
     
     
     

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