I assume that the high at 1.597 was the final top for SP500. After the top the index fell to a low of 1.536. That was the first wave. The second wave up reached yesterdays top at 1.583. I assume that the falling line between the tops should hold for any intra day trial. If that happens today or on Friday the third wave could be in place and that will take the index into next bear market. This is the very very beginning. But if there is a risk for another blow on upside then we wait until next opportunity.
No comments:
Post a Comment