Looking at my 1yr daily chart of spx
Reviewing my noob charts, holding short may be a bit aggressive. This has been a great 5 wave on my chart, however it should be about over. If that is the case then not much more on downside.
But....
My chart sayin this could be a 3 wave.
What if 11/4 to 11/20 was 5.
Then we began another 5 count down on 1/7. Then we are in a wave 3.
Imo, no way we hit 600 if this is wave 5. If this is 3 we will hit 600 with ease. Next 2-3 days will show me everything. If I start taking a loss it was a 5, if not its a 3. Holding...