S&P Quick Trade SetUp
I’m definitely too chicken to play it so let’s call it a paper trade, however I see a possible Wolfe Wave setup where if prices tag the lower blue line, that could set up a 1-2 day bounce to upper target line. If we close around the LOD, that would be about 1879. I will be watching only….except for my gold and silver positions, the rest (vast majority of my funds) is cash.
IF 1869 holds the SPX does have the potential for your target.
1879 was the exact low of the day. Not a bad guess at 12:57pm 😉 It will be interesting to see of the wave target is reached.