I am currently net short. Even though we might go as low as 374, I would personally exit my short positions at 390s.
It is possible that $SPX might have formed a contracting leading diagonal. This pattern is very rare and if it happens it is usually at the wave 1 of impulse or wave A of correction. I am not sure if this is an impulse or correction. Irrespective of what it, a short time pull back to at least 390s is very much likely, hence I am short for the next week.
It is possible that $SPX might have formed a contracting leading diagonal. This pattern is very rare and if it happens it is usually at the wave 1 of impulse or wave A of correction. I am not sure if this is an impulse or correction. Irrespective of what it, a short time pull back to at least 390s is very much likely, hence I am short for the next week.