The 3rd wave continues as the 5th wave of that higher order 3rd wave unfolds. We've had our small consolidation and a fresh impulse wave has formed. It has taken us over 25k as anticipated but whether it will have enough steam to near 30k before a major correction is still an open question.
Holding on to established longs is justified but entering into a long-term position at this point not the best idea. A major correction will happen, it's just a question of the magnitude of this final push. A day position can be made but it have to be watched carefully.
Holding on to established longs is justified but entering into a long-term position at this point not the best idea. A major correction will happen, it's just a question of the magnitude of this final push. A day position can be made but it have to be watched carefully.