Sick today, but the market is behaving as expected. In the middle of C wave up, which in turn is in itself an ABC move. We are currently in a wave b or wave 2 of C up.
VIX still needs to return to the 20MA.
Expecting an up day tomorrow.
Quick update
Sick today, but the market is behaving as expected. In the middle of C wave up, which in turn is in itself an ABC move. We are currently in a wave b or wave 2 of C up.
This is probably the only time we are going to see a market like this in our lifetime. So lets make the best of the opportunity. I am going to concentrate on mainly trading the S&P 500 index using Elliott Waves and other TA. I will mainly be using puts and calls on SPY, but at times will trade SDS and SSO also. Do your own due diligence of course. Do not take any of my commentary and technical analysis as recommendations to purchase stocks or options. I do not currently trade the E-minis.