The chart posted is that of the spy in which I posted back in March I have NOT changed the labeling as it was correct .We are at the end of wave A down and should see a rather sharp ABC rally back up to a min of 5150 and then a pullback followed by the last wave up I do think it can reach as high as 5330 this is the alt to my 5261. We are now one of the most over sold in a few years . Best of trades WAVETIMER
Comment:
Today I took profits into 5035plus and sold out of the QQQ and spy calls for a nice gain $$ .The reason is the rally was and ABC rally and a x 1.618 = c right at the high today . This gives Worry as if we fail here in the QQQ we should see a 408 print +or - 1 and in the spy a new low as well . I will post 4/23