Last week I was proud of picking a local bottom in SPX500. It was just a few hours before the price tumbled to new lows. Of course, I blame unpredictable wyx corrections. Actually I had envisioned something like this in the pink scenario on the chart following the link. I was glad that I moved SLs to 0.
Despite overall bearishness in the market (White House considering blocking US investment in China, and Trump impeachment inquiry) I still think we are going to all-time highs in a matter of a month or so. But to stay bull in today's market requires balls of steel.
I am now flat on SPX500 but considering entering longs with a stop at 2944. This is not a strongest setup, hence positions shall be kept to a minimum.
Follow me trading live account on Telegram - t.me/wavetrades
Despite overall bearishness in the market (White House considering blocking US investment in China, and Trump impeachment inquiry) I still think we are going to all-time highs in a matter of a month or so. But to stay bull in today's market requires balls of steel.
I am now flat on SPX500 but considering entering longs with a stop at 2944. This is not a strongest setup, hence positions shall be kept to a minimum.
Follow me trading live account on Telegram - t.me/wavetrades
🗨️ t.me/EnergeiaCharta
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🌏 energeiacharta.com
⏱️ Timely updates of WTI, Gasoil, NatGas charts explaining every twist
🗃️ Extensive analysis archives
📏 Chartopedia, with examples of applying ElliottWave to real world charts