S&P 500 Monthly: The Bearish case remains alive - Part 2 !
'It remains alive in so far as we cannot get another clear trading bar subdivision on the Monthly chart until the
first trading day in August to accept a more Bullish 5-wave count from the March low, we remain skeptical of this
move, for now.' (July 15 - Part 1)
One-half of our 'Flag' pattern short/hedge from 3180.70 was stopped out on the close July 15th for an effective 0.36%
loss.
We're going to add to our short/hedge position here at 3240.00 or better, taking the total position from 25% back
up to 50%.
We'll raise stops now on the total position to a close above 3247.50.
first trading day in August to accept a more Bullish 5-wave count from the March low, we remain skeptical of this
move, for now.' (July 15 - Part 1)
One-half of our 'Flag' pattern short/hedge from 3180.70 was stopped out on the close July 15th for an effective 0.36%
loss.
We're going to add to our short/hedge position here at 3240.00 or better, taking the total position from 25% back
up to 50%.
We'll raise stops now on the total position to a close above 3247.50.
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