SPX500 - Short for Wave C of Wave 2 - Then Long for Wave 3.
Finally Wave 1 has shown itself, so now we need a Wave 2 down before we can jump on the Wave 3 thrust to new all time highs.
Wave i of 1 of this impulsive move up happened quick due to the Elections therefore Wave iv was longer in duration.
The coming wave 2 retracement should be deep.
I am looking at the .618 - .782 area but the wave count should make this clearer.
This decline will probably happen fast due to the upcoming inauguration so keep that in mind.
Wave i of 1 of this impulsive move up happened quick due to the Elections therefore Wave iv was longer in duration.
The coming wave 2 retracement should be deep.
I am looking at the .618 - .782 area but the wave count should make this clearer.
This decline will probably happen fast due to the upcoming inauguration so keep that in mind.
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