S&P 500 Monthly: ... electing a 25% short position against ...
With the leading NASDAQ index lagging somewhat today (Amazon downgrade?) and Oil perhaps reflecting more accurately the speed of any expected economic recovery as storage heads toward maximum global capacity, we're electing a 25% short position against the current 'b' wave Monthly high of 2879.22, with stops just above that high (a minimal risk trade with potentially large gains). Turnaround Tuesday ... ?
On the "Daily" chart we have a single count down off the 2879.22 high with today marking an ‘a-b-c’ recovery if 2879.22 is not exceeded ...
On the "Daily" chart we have a single count down off the 2879.22 high with today marking an ‘a-b-c’ recovery if 2879.22 is not exceeded ...
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