The Long Investor
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TWEET: $SPY
🕑 Added 2025-04-15 10:31:22 +0000 UTCObservation found today on the Monthly chart with the MACD indicator.
$SPY chart has not changed in 9 months.
The Monthly MACD is showing a big concern here.
The last time there was a cross like this was in March '22 and the price declined until October '22.
Coupled with a Death Cross on the daily chart now between the 50 and 200 Day MA.
I believe the only way to break this trend is by a complete withdrawal of all Tariffs by the US, otherwise Wave 2 plays out as shown.
Comments
Sol
Cap, Voj! Primary Waves are the only ones whose numbers are surrounded by circles or also Subwaves?
George
The removal of tariffs
George
Not gonna happen.
Mark H
They are fractal, Matt, meaning they can occur across any timescale. I think Cap is showing that the entire impulse (waves 1-5) are the impulse wave for the wave labelled as 1 (or 5 for the impulse)
Matt C
On your chart - How can wave 1 also be wave 5? Doesn’t there need to be an ABC before a new impulse wave starts?
