Loading ...NYA Update
I suspect we are heading into a swing high for the broader markets and it looks like many here are seeing the same thing from different perspectives. I’m not specifically short the markets here but I am in cash except for my PMs and energy share positions built in December. If this plays out, I’m looking to stay away from NYA/S&P markets until the Oct 2016 timeframe where I think the risk/reward may look good to get long again. Should be interesting and I’m sure the press will blame the downturn on the uncertainties created by this election year.
Thanks Mark
That’s a nice move for sure if it unfolds
Sell in may and go away
Agree with the expectations of large downside risks building.
I suspect later this month, or early next.
The numbers can’t be EW counts, because of the 1 overlap of 4, unless its a leading diagonal (all subwaves must be abc’s).
It could be MORE of the corrective we’ve had since May/Aug. In the form of an ABC x ABC, where we are now topping in x.
CHS has a good post on how Japan needs stronger dollar, while China needs a lower dollar, and Fed can’t help both.
A lot going forward will hinge on how they finesse that dilemma.
Correct Pedro, the numbers are not EW counts, they are Wolfe Wave counts.