As per Neo wave time cycle, Wave 'B' of the FLAT correction formed in DOW 30 index is ended today
since the recovery wave ABC extended nearly 76.8% of previous wave
expect a soft bear market cycle for 8 months from now.
trading is difficult as wave 'C' expands in 5,3,5,3,5 legs ,and expect a spike in VIX too
Do not hold your short positions for more days , as recovery waves will stretch more than 62%
since the recovery wave ABC extended nearly 76.8% of previous wave
expect a soft bear market cycle for 8 months from now.
trading is difficult as wave 'C' expands in 5,3,5,3,5 legs ,and expect a spike in VIX too
Do not hold your short positions for more days , as recovery waves will stretch more than 62%
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4437 RESPECTED TODAY and failing to breach this is the early indication of bearishness
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4437 May be taken as SL for S&P500 INDEX, 5th wave yet to start and will be limited to 4378
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C Wave begins today
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shorting suspended until next week
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EW labelling and trading ideas
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turned bearish again
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bearish wave counts,5wave down,3wave up
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see my new post for s&p500