The impulsive rally this week hit Fibonnacci pinball targets at every degree, suggesting a new impulse in wave iii of 3 of (5) has increased in probability. I'm already long, and will be a buyer in the 2050 region. Below 2035 will have me on alert for the alternate deeper wave 2, and below 2001 it's a strong probability. See larger time frames for more detail on the yellow alt count.
Positioning: I bought SPX (well - it's equivalent) on Monday's close in my Long Term account. Had some lotto shorts this week that expired worthless in my trading account.
Positioning: I bought SPX (well - it's equivalent) on Monday's close in my Long Term account. Had some lotto shorts this week that expired worthless in my trading account.
