It is a completed 5-wave down with a retracement back to the previous 4th wave high. The market came all the way back to the 5-minute, 380-unit M/A. I made money overnight shorting futures but gave it back on this rally. Should be done, though. I'm stopping out at the high and SP futures 1077.50.
what do you think about this? doesn't look like it is in down trend
ReplyDeleteIt is a completed 5-wave down with a retracement back to the previous 4th wave high. The market came all the way back to the 5-minute, 380-unit M/A. I made money overnight shorting futures but gave it back on this rally. Should be done, though. I'm stopping out at the high and SP futures 1077.50.
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