We have c wave up complete. SP futures came up to their 30-minute M/A which is now resistance.
Those of you that have been around for a while on this blog know what I mean when I say "critical support" and "critical resistance". It is the 5-minute, 380-unit M/A of DJI. My trading discipline has 3 levels of positions:
a) I1 turn date. Put on 4%-8% double short ETFs and 1% futures shorts
b) Breaking the 30-minute M/A SP futures (which we did Wednesday). 15%-30% ETFs, 1% futures
c) Breaking the 5-minute, 380-unit M/A (the toughest nut to crack. 40% ETFs, 2% futures.