S&P 500 - July 15, 2009 - Intraday - 2

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.