The 1 hr chart shows that we are in the v(5) final phase of the impulse wave green [c] . The trade setup was the 4th wave bottom . I was not sure if the b wave had ended or if it was still in progress the confirmation that i got that the b wave has ended came when the price came down to the purple dotted trend line in an impulse after the yellow (i) and (ii) had been identified and the yellow (iii) (iv) and (v) pretty much took place in a very short amount of time.
If you look at these 2 charts the high on the cash market does not agree with the $spy and for them to be both correct the Elloitt wave count has to resolve in to a regular flat on the $spy and as an expanding flat on the $spx to come out of the correction satisfying Elliott wave rules.
As per this count the projection for $spy is this below :
With the chart on the left the 15 min shows that $295 is the 1 %&4 overlap and if the price moves about this white dotted line then the count is invalid. But as per the logic for how the &spy and &spx should resolve to come out of this correction unscathed and satisfy the Elliott wave rules the conviction to go short is very high and that will be the trade I will be looking for.
The end of the month and friday roll over with the news if of new tariff on Mexico that was announced today is setting up for fireworks in the market. The Elliott wave count that we have been tracking has been pretty spot on. The blue circle is where the short entries were taken and so far in the aftermarket the trade has been going in our favor. We just finished the 4th wave move as a ABC with AC= 1.618AB and c wave looks like an ending diagonal that is followed by a sharp decline.
if all goes as plan then the 3rd wave should end at the $274 vicinity.
Today $SPY breached the all time high and stands at the $294.45 level and looks like the end of the wave 3. The reaction down in a a-b-c fashion and look for a new high starting after the wave 4 correction.
This surge in the SPY can be attributed to the earnings reports trickling in this quarter and like expected this will be the last of the final leg before to go down in wave 4 before we get to move again.
As we all know that 5g is the next generation network protocol for faster speed and connectivity with the smart things and components at home or in the car. The 5G next generation technology is faster then the 4G. 4G was supposed to max out at 100 Mbps and 5G is specked to max out at 10 Gbps. 1 Gbps is equal to 1000 Mbps. 5g is not only faster but also more consistent technology that keeps the phones and other devices connected more securely and firmly as far as loosing connectivity and dropped call goes. If 5g were to be used in connected everything vision the technology companies have been developing for all these years then a reliable technology that lives will depend up on has to be a necessary platform and for that to happen 5g is a must. Internet is getting more crucial to the way we conduct business and to be connected 24×7 is a must for us to leap forward. Everything from cars, smart homes, smart watches, home security equipment and even smart cloths. 3g was great for mobile data, texts and such things, 4g did mobile and internet for chats, emails, videos etc but 5g is what we need for autonomous cars, home security, smart health for your doctor to monitor a patient. Some of the speed features are mind boggling that a round trip for a data to be sent a receives in less then 1 millionth of a second. 1000’s of connected devices being connected all at the same time and this is one of the crucial feature that will change the world as we know it. The 1 Gbps of data service to each user simultaneously is a tremendous task.
Just to give you an idea as to how fast the 5g technology actually is :
A movie that is 2h long in HD quality on a 3G will download in 26 hours
On 4G it will take 6 minutes, which if you think is too long, you are in for a treat on the 5g!
It is the amount of time it takes a request (from a cell phone) to a server that is hosting lets say whats app to get sent and a response received .
On 3G it takes 100 milliseconds
On 4g about 60 milliseconds
On 5g it ca be done in 1ms to 10ms which is less the the time it takes to blink your eye. With this technology the real time applications like autonomous vehicle can actually become a practical application and you can see the potential this opes us up to.
However all this positive news is also bogged down with radiation issues that the 5g has been bombarded with and time will tell how all this plays out.
The classic Elliott wave came to fruition today around the same time the FOMC meeting took place. Of course the fundamental practitioners will preach the market went up because the Fed made this decision or that decision. The Elliott wave practitioner will say this move was set in stone but the timing cant be any less perfect. As you can see in the image below that we were doing sideways price action in 4th wave and we have set up to move in the 4th to 5 of (3).
Bigger is better, right?! Only this time it is instead of 1 big tower doing the task of serving N number of phones, it is going to be multiple smaller towers that are going to take on the task of serving smaller chunks of the population. The way it works is instead of having long range transmission with low frequency plagued by latency, the 5G technology solves the latency (slow speed) issue by breaking the data in small chunks and transmitting through high frequency band width and placing the server or the computational facility close to the device that works on the processed information. The demands the 5g servers will have are totally separate from what the 4G servers have had to do. The computational process is a different set of challenge as well, in the 4G world they computational work was done in a hand full of places in the whole of North America. However their are CDN (content delivery networks) that help disperse this results with speed, however those units were just aiding in the transfer process and not the computation process where the real processing and mathematical calculations were done. It was a good system sufficient enough to get the job done and that is why companies like Akamai were such good ideas in the past decades. However the new technology requires not only speed in delivery but also speed in computation. The best analogy would be to compare the CDN’s to the muscle and the main server centers as the brain. With a stronger muscle you can do the heavy lifting faster when lifting something but the signal to lift that item has to be given by the brain. Instead of having 1 big elephant lift a huge log like we are doing with 4G, we are dividing up the log into smaller chunks and having multiple donkeys carry it to the destination with the 5G. With the later approach you can deliver logs of different kind faster since that is the type of data that is required in the modern 5G world.
For instance, lets take an autonomous car and the car is going down the city streets, with the 4G world if a GPS senses an obstacle on the middle of the road and a car is approaching fast around the corner, the car must have the information about the obstacle ahead of time to get ready to stop or slow down. With the old model where the server is at one of the country and the car is driving at another, the latency or the speed with which that particular car can get that notification could be 5 sec slower then having a computational facility near by with the way it is proposed in the 5G world. 5G is going to a game changer in a lot of ways on how we live out lives for sure.
When Sprint and T-Mobile want to merge together to compete against Verizon and At&T is not just because credit is easy commodity these days, although it is definitely a nice to have for a merger of this size. If you look at the maps below, courtesy Whistleout
Look at Sprint and T-mobile’s coverage as compared to Verizon and AT&T coverage. The AT&T 4G coverage is not as thorough as the Verizon’s in pasts of the country but it is a close 2nd in the US. The investment required to erect cell sites and the time it takes to broker or buy land to install is a very time consuming endeavor that plans has to be set in motion well in advance of 2-3 years. Such daunting task of maneuvering the legal and PR process of getting permits from the local government office or a private owner in some instances is something only a very structured organization can handle. Even if you have the resources, the time taken alone makes sense to buy competition and compete with bigger network coverage. Yes, offering a cheap phone plan like Sprint and T-mobile get the customers in to the store but when that customer experience bad reception and dropped calls in more then acceptable situations, it turns them off and you would have probably done more damage having them as customers now then not have had them as your customer.
Once a phone user leaves you for bad reception and goes to another carrier to only find out how diverse the coverage area is, they are not coming back again, even when you have even better coverage then the ones they are with right now. The cost of coverage makes more sense to the consumer now that they are willing to pay what ever the competition might charge them for.
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