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My hunch that we were still in another 4th wave playing out is coming true, the SPX is consolidating which means odds are very good for it to try and make a higher high once this 4th wave is completed. The over-bought conditions have been relieved on the short-term indicators leaving plenty of room now to move higher. Upside target around the 1250 level.
Thank you for the time you put in with this website! I have a question...how do you trade based on the information you provide? What is your trading strategy?
ReplyDeleteNathan, Most of my trading is now done using the Trendfinder.
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