S&P500 Long: Melt up
I have been calling for shorts recently almost like a permabear. However the recent move up made me realize that odds have changed. The truth is, when I'm wrong, it's usually super profitable to flip side. Meaning, this is potentially a melt up coming.
What this means is that the move from 5th Aug low to 17th Oct high is just a wave 1 and the recent shallow move down is a wave 2. And now we may be going into a wave 3. Stay cautious. A new all time high will confirm this.
What this means is that the move from 5th Aug low to 17th Oct high is just a wave 1 and the recent shallow move down is a wave 2. And now we may be going into a wave 3. Stay cautious. A new all time high will confirm this.
Penafian
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