Shivam_Gaba
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What symbols does the trader recommend buying?
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Shivam_Gaba
A potential for starting next fractal which would be a wave 3 of 3. It is more often than not a very strong move in this part of the Elliott wave structure. The equality level points close to 36300 while the larger 3=1 is around 49000.
Shivam_Gaba
When the market-wide put call ratio comes out of the bear market range for the first time the rally just keeps getting stronger as seen historically. We are currently doing the same thing.
Shivam_Gaba
The S&P 500 is up and running in iii of 3 wave. The equality level is at 4690. The rally should see broad participation from all sectors as speculators continue to unwind from record short positions.Going in line with the expectations.
Shivam_Gaba
A lower low in the VIX not confirmed by a higher high in S&P 500 is a potential divergence. Previous tops and bottoms have seen similar kind of divergences where either one of the two does not confirm the move and hence results in a trend reversal. Note- This is not an investment advice.
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