tomj2417

SP500 - decisions. decisions.....

SP:SPX   Indeks S&P 500
The SP500             has bounced very nicely off the 38.2 retracement of my wave 3 but the question that remains is whether it was enough of a correction to end wave 4 or does it need to correct deeper before resuming it's climb. Wave 2 was a shallow correction so perhaps a deeper correction for wave 4 with the idea of alternation? If you count wave 4 as an ABC zigzag then wave C is kind of short....... But it's resumed it's climb up in 5 waves......lots of questions and decisions to be made. My personal feeling is that this correction has got further and deeper to go...... so there you have it.....a perfect reason to get this long this market!
thanks for the work, it lights me how to draw my chart..
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