Say Hello to the New Boss; Same as the Old Boss...

Wow, talk about confirmation! Yea, the bull is back. Now this is what you call an "impulse" wave. But if you're not in... the risk is high to chase here... My suggestion is sit on your hands and wait for the next pullback. If it's going to continue in the beautiful 5 wave structure, the wave-2 pull back will come. And the reason it "almost" always comes..? because the people catching this ride will want to take some profit. Human nature... that's all Elliott wave is... the fear and greed cycle... repeating in patterns we can observe and trade. If you're long (and it's good to long here ;) ride it but don't be greedy.