$Invesco QQQ Trust(QQQ)$ $SPDR S&P 500 ETF Trust(SPY)$ $E-mini Nasdaq 100 - main 2306(NQmain)$ is leading me to believe that wave 3 ended in Oct, not Jun.
Why? because of peak in Aug piercing wave 1 lows.
If so, then we are in wave 4 which cannot break wave 1 lows....
More information is in the chart.
Where is smart money rn vs retail sentiment?
How are the credit markets looking? How does$DXY look rn? $Cboe Volatility Index(VIX)$ is sitting on a 5 year trendline. How do all your momentum indicators look? ...Seems like an area to be cautious in.
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