Master WU
10.7K posts

Master WU
@MasterPandaWu
Panda-BEAR: 20+ yrs active trading experiences; use a TEACT formula (Trend, EWT, Astro, Cycle & Technical). NTA. MPW's zone: https://t.co/ZPu5cRLwEz


WOW, A PERFECT HIT AND ROADMAP!!!!


So far: 1, no impulsive move up yet. 2, no gap-fill. 3, all are corrective side-way moves Therefore, 3/20 Friday would be a decisive day for a MAJOR bottom & turn. I listed targets in last Scroll, and the main one 6550, has been reached. If broken tmrw, prepare for sub-6500.


6557 has the potential to be THE BOTTOM of this entire correction from 7003. This is NOT a minor claim, as you can imagine. Very short-term, TEACT model signals a large rebound is due--if today's openning gap is closed, then most likely the turning window of 3/19-20 is working


Check that RED ROADMAP: 1, mind you, this is a 5-min chart. 2, the accuracy lies not only in the price range, but THE TIMING of each and every turn. 3, Some say that the market is not predictable, right? [at the daily level, maybe; but the 5-min level, hmm]




So far, the Green Path is like a magic--waiting for Powell to give the market a kick or push. Let's see how the Red Path will perform for later today and tmrw.


Opening Gap Factor: (1) too much head winds, that SPX can's muscle any sizable bounce--and the opening gap is so heavy, and ominious. (2) that may signal an ongoing w-3 of an impulsive series that started from 6755. (3) if so, then prepare for sub-6600 later this week.


Powell Factor at 2:30pm: (1) the moves before FED Chair Powell's presser is just a foreplay for what is really to come afterwards. (2) even the deteriorating Mid-East conflict can't alter the scrpit here--so, a rebound is on the card, just show some respect for the parting Chair


BINGO!!



6730 Reached; 6750-60 Next: (1) as expected, a double back-test of Purple Line was supported, and SPX spiked to 6730 with HUANG's "1-trillion" shocker. (2) the rebound is forming a zigzag, to fill the overhead gap--red zone--btw 6730-60. (3) expect a further rally tmrw, THEN⤵️


Back-test the support of the broken trendline (purple)--now, the previous strong resistance turned into support. If failed, then the opening gap is in danger of getting filled [yeah, that is possible]--but, I doubt it. Bet on a support and continued rally after the test.

🚨🇺🇸🇮🇷 TRUMP: “IRAN is a nation of…GREAT POWER… TREMENDOUS POWER” “No one expected them to attack the gulf states. We were shocked”


BROKEN--Now rising toward 6732-6760 gap zone.


MPW Bamboo Scroll #215 Posted: (1) I introduced the "Super-Dome structure" a few weeks ago, and now, it is almost complete. (2) the Market God is not only a great mathematician, but also a great architect. (3) check what next week will bring to us at: thekobeissiletter.com/panda


Key resistance here--[purple trendline]--if broken upward, then the Red Gap Zone will be the target [from 6730-60].




