nich8790

nich8790

I have seen some different charts where a 5th wave has already completed as shown on the light blue making this a c wave? It looks like this could be a 5th wave, slowly losing steam to a larger correction... A lot of different ways to read the current chart. Thoughts?

nich8790

I am going to see how tomorrow opens but I will probably be picking up some bear etfs.

nich8790

Looking at buying this short bounce and going short once 1650 is captured.

nich8790

Closing right at the resistance line today, tomorrow will help determine whether the bulls will make another run higher if they continue sustained trading above 1540. Regardless of many rational factors to correct downward, (Europe, Le Sequestration, "good" but not amazing corporate earnings) it appears the bulls are on a run and may reach new high quickly...

nich8790

Please comment and share any ideas as to where you think the next support zone would be if we break 1485.