Now that the stock market is becoming actionable I'll be making more frequent comments. Currently I'm short gold futures and long dollar futures. I'm long ZSL from yesterday.
I1 peaks tomorrow at a pathetic 1.22 and bottoms 1/10 at .19. I'll be shorting the stock market tomorrow with futures and ETFs. In my mind the market just completed it's Minute 3 wave up yesterday. It's the only way that the I1 rush starting 1/11 makes sense. This decline should retrace some real estate with such a big wave 3. However, if a rectangle develops at least I won't lose money. I believe I'll be selling into a rally tomorrow.
The dollar hurt yesterday and today. I'm currently long 1% but I did not post the sale of the 1% at 80.08 after yesterday's close so I'll carry 2% into the Trade History. I am using the Euro for wave counts due to the picture-perfect 5 up the morning of the 28th being retraced by more than 100% to today's low. The Euro count was posted earlier and has not changed, being a series of 3 waves defining an upward correction to an established downtrend. My trade tonight will pivot on the 10-minute, 145-unit M/A plus 6 points as a buy signal. I'll make the trade but will not reflect it in Trade History, carrying the 1% at 80.09.