But this wave isn’t going to stop. My wave counts are saying “no way,” Unless I’m counting them wrong…. point is, it doesn’t matter. If this thing reverses, I know it is going to be a hard, straight up push for the Bulls, and a very quick pull down to benefit the bears. I’m not in a position right now, but I’ll join either the bears or the bulls, I don[‘t discriminate. As a short term trader, I’ll take the breakout. If I were a long term trader, I’d be short and would just be waiting for VIX to do what it needs to do.
Below is SPX daily.
It is going lower — no doubt. As to how much lower, VIX will tell in this instance, but gotta’ be way lower than it is right now, as the bulls are sleeping.
Super sorry to be so boring.