wolffarchitecture

wolffarchitecture Updated 

We are now approaching confluence of trendlines and FIB boxes, and RSI divergence. There is enough going on here to warrant some kind of corrective structure. The two main counts are shown on the chart and IMHO YELLOW has a slightly higher probability. But the huge CYAN A-B-C is possible as well and we need to keep considering it. So far the structure is...

wolffarchitecture Updated 

for clarity this is my main count on the actual SPX. Expecting a bottom soon near the previous lows

wolffarchitecture Updated 

Not sure WHY, not sure "HOW" all the market "news" is wrong, and with the "don't fight the FED" herd montra repeating itself out there, I have to admit this seems very contrarian. BUT technically I am seeing the possibility that market may be very close to a bottom, which could result in a meaningful bounce or rally or short squeeze...whatever. I divide the SPX...

wolffarchitecture Updated 

Personal trading plan for the next few weeks will change if necessary. There are several reasons why I think market has a higher probability for a upside rally before we descending to major all time lows Midterm long, long term short.

wolffarchitecture Updated 

Be patient and let the market come down to you. 1st Market Makers will collect all the long stops sitting underneath the daily corrective lows them price up the market for Wave-2. In an ideal set up markets will open low tomorrow then turn around and end up, which will continue into Monday. An undesirable set up would be market open higher and just push up...

wolffarchitecture

Less optimistic the SPX has power reserves to rise above the 200-MA, therefore I'm thinking the likelihood of a wave(c) of B) is slim. and the unfathomable likelihood of market switching to a bullish trend (before making a new yearly LOW) even less. Having said that, indicators suggesting a 3.5-4.5% bounce may be happening or may happen (no guarantees) ... BUT...

wolffarchitecture Updated 

When the dollar make major moves (we all know its been skyrocketing) the printed price evaluations on the SPX is can be distorted relative to the actual underlaying sentiment and momentum which is hidden/obscured by the dollars radical moves. We can check this and remove the dollar effect on the SPX by dividing the SPX by the dollar. We can now see the actual...

wolffarchitecture Updated 

DXY is bullish no question and we may ultimately reach 116.5. But thinking we need to have a wave-4 rebalancing before then. Not sure when or why just looks right. We still are yearly/ monthly bullish, but a retest of the 103.50 (.382 Fib retracement) would be VERY normal.

wolffarchitecture Updated 

This post is personal. We all have strategies on trading and the most important things for any trader in my opinion is to finally discover his/her strategy which suites there emotional temperament (pessimist / optimist). intellectual capacity ( children with a few simple rules trade better then many seasoned smart adult analysts/ proven back-testing results) , and...

wolffarchitecture

SPLV helps to take out the noise. At this point we could be BULL or we could be BEAR. Leaning toward BEAR but you can't rule out BULL. IN this kind of situations its always good IDEA to Keep you eye on the LOW volatility stocks (ETF) IT usually prints waves the clearest. >What we see is a clear downward price channel and we are VERY close to hitting the upper...

wolffarchitecture Updated 

Seems about right. Timing could be off substantially but more confident in the price action.

wolffarchitecture

In general the markets seem bearish, but maybe not ???? noticed this almost perfect Gartley pattern on MSFT.... Lets see how this plays out

wolffarchitecture Updated 

Eyeing how I suspect the market will be going up until MAY. Do your own do diligence, and have rules and stick to them.

wolffarchitecture Updated 

Monday morning will likely be lower, after that we really are at a crossroads. I "hope" it goes up (at leased on more high) but we don't trade on "Hope". Don't trade too much keep a light foot-print and be patient until the market reveals itself.

wolffarchitecture Updated 

IMHO we still have a good chance to reach 50,000 before the downward trend continues. If I am wrong the Cyan path may be the way to Go

wolffarchitecture

Do your own due diligence. Rally might start start as soon as Thursday afternoon, but likely Friday and through to Monday ... IF this is the correct count :)

wolffarchitecture Updated 

Welcome back volatility. Market Wales are very good at extracting extra retail $$$$. Please Be careful and learn about who you are playing against. Do you think the wales (who want your $$ ) don't know what the market seasons are ? The FED wants you get back into the labor market, so wages will go down. :)

wolffarchitecture Updated 

Please do your own do diligence, and trade your plan. The structure is still too early in its initial phase to be confirm yet.