another way to count this is that the move up from yesterday afternoon's low is a 3rd wave, that would put us in a 4th wave now, with more upside to follow.
Surprising to see such a strong rally today, but it seems that the most viscous rallies occur during bear markets, so here we are looking at a great example.
looks like 5 up may have completed. target for SDS would be range of 4th wave which is about SDS 34.33 - 34.40.
ReplyDeleteBut this market is scary to the upside today, we'll see whether we can get that much of a pullback.
Good luck!
I'll be looking for a place to sell the remaining ETFs.
ReplyDeleteanother way to count this is that the move up from yesterday afternoon's low is a 3rd wave, that would put us in a 4th wave now, with more upside to follow.
ReplyDeleteSurprising to see such a strong rally today, but it seems that the most viscous rallies occur during bear markets, so here we are looking at a great example.