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N0tSwift

UPRO - Wave 3 Soon?

ProShares UltraPro S&P 500 (AMEX:UPRO)  
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AMEX:UPRO   ProShares UltraPro S&P 500
Trend Analysis Wave Analysis
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trendanalysis waveanalysis
It makes no sense given the economy, but the chart is saying we could be starting Wave 2 soon with a Huge wave 3 to come.

I'd love to hear everyone else's thoughts. I can't get my mind around a ride up as the economy goes down.

*NOT FINANCIAL ADVICE - NOT A FINANCIAL ADVISOR*
Komen:
Believe it or not, we are following Wave 2, at least for the moment.
snapshot
Komen:
NDX and SPX came in more of a corrective wave and had me reinterpreting this.
Re-Labeling - Seems more like a corrective XYZ secondary than an impulse 1-5 up.
snapshot
But time will tell.
Komen:
I've reworked Waves over and Over trying to make sense of SPX & UPRO, and I'm getting closer, but where to now? More correction?
Komen:
Penafian

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