S&P on its last leg up before retracing
The market has rallied hard on from the low established December 24th. I believe the market will continue to rise throughout the first half of 2019. However, markets do not usually rise in a straight linear fashion. Therefore we should expect a retracement or consolidation soon. Using Elliott Wave Theory, I believe we are near completion of the first wave up. If the price rises to early December highs, odds favor a short position with a tight stop loss. I will look to go long when a retracement is underway.
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