Short

The year of the 'consolidated' bull?

Updated

For those who have a background in waves, you will know we are in the final stages of a 5 wave sequence since the advance from January. Only crumbs remain in the move and for my taste it is too late to buy into any weakness as bulls are eyeballing taking profits around current levels.

We should not retrace any further than 2,900 ... however remember that after 5 waves are completed, markets usually consolidate for an extended period of time and this chop can last well into Q3.

For those wanting to clear final targets on the topside the last level in play is 3,257.

Thanks all for the support with likes, comments and etc.

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Tracking 3,256 for positions on the downside.

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We are reaching the end of the road here. +/- 3,256 reached for the Asian session and I am building short positions.

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Highs of the year set here? Smelling like it..

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Bears coming in at 3,256 as widely anticipated

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-1.60% and counting!

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-5.2% !! Well done those on the sell side. I am starting to take chips off the table here. A great start to the week.

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A 10% swing trade ..

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ridethepig

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by ridethepig

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