Shorting on next new high, about 9,960. Daily technical composite is +14. Anything above +22 is a sell signal, but I expect it to get to +28 since we just had a buy signal a couple of weeks ago.
Sold all shares before your post back(clock was ticking). Will have to wait for a bounce now. Had a great day up 11% Will be looking for your guidance to get back in. Thanks Jack C
Steve
ReplyDeleteLooks like SP support is being taken out 1040?
Jack C
I'm holding short to 9801 or the final 5 wave.
ReplyDeleteSteve
ReplyDeleteShould I sell my short position then or continue short until 7/5?
Jack C
1040 was my initial target, not support. Actual support ranges from 9835 to 9777 which is where I think this wave will end up.
ReplyDeleteJack,
ReplyDeleteYou can sell a small chunk.
Steve
ReplyDeleteSold all shares before your post back(clock was ticking). Will have to wait for a bounce now. Had a great day up 11%
Will be looking for your guidance to get back in. Thanks Jack C
Good for you, Jack.
ReplyDelete