This looks and feels a lot like a wave 3 and not a wave C. We are dealing with a very powerul wave that keeps extending and ignoring all internal divergences.
I still have my stop above 935. If not met, I will try to find a way to hedge it so that I can risk less and still befit from any correcrtion.
If I had billions to buy futures and ETFs I would push this thing as far above 935 as possible to clear all squeezable shorts.
S&P 500 – May 15, 2012 - Bottom Line: Long term trend is up. Mid-term trend is down. Short-term trend is down Weekly S&P stage is Late Advance (2-C) Daily S&P stage is Strong Decli...
1 year ago