Not many days left to position for what could be the trade of the year. Whether this will prove to be the start of a bear market (3rd wave) or not (C wave), we're talking about a violent 200 points down move that should test an almost 8 years trend.
Short term, we still have to finish the C wave which has completed 1-2-3 so far. The 4th should be more complex than the 2, which was a simple thing. And then the 5th could very well fail to make a new high. Nonetheless, next week should be very interesting.
Short term, we still have to finish the C wave which has completed 1-2-3 so far. The 4th should be more complex than the 2, which was a simple thing. And then the 5th could very well fail to make a new high. Nonetheless, next week should be very interesting.
Comment:
So far so good...
