S&P 500 Analysis and Outlook
Yesterday - See chart for an update on yesterday's trading. Everything followed the model. Quick spring in the morning followed by an solid day.
Today - Looking like a good gap up this morning for a strong push in "intermediate" wave 1 of the FINAL "primary" wave 5. This is the same pattern for the start of all of the "intermediate" motive waves, so that is a great sign.
IMHO - Today would be your last "safe" opportunity to buy in, but please note the potential limited upside. If the model holds (which fits every wave up to this point), then there is a big drop coming and you should be ready to sell when we get close to the top.
Today - Looking like a good gap up this morning for a strong push in "intermediate" wave 1 of the FINAL "primary" wave 5. This is the same pattern for the start of all of the "intermediate" motive waves, so that is a great sign.
IMHO - Today would be your last "safe" opportunity to buy in, but please note the potential limited upside. If the model holds (which fits every wave up to this point), then there is a big drop coming and you should be ready to sell when we get close to the top.
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