A MAJOR BOTTOM is now setting up 54 handle or the alt 51 BUYING
The chart posted is the of the XLU we had a very clear 5 waves up from oct 2002 and we are nearing the long term trendline 21 yrs long and a .382 retracement . it has dropped in the form of an abc decline and a triangle to form wave X or B I tend to view it as an X since the peak on july 26th it has a classic ABC decline and it is now 70.2 days long most panics take 55/62 days and in 1929 lasted 72 days and the bulk of the panic the damage was in 8 to 13 td we made the low so far on day 13 .I am now in calls net long at 90 % in the money mid spring 2024 and will move to 100 % if we make ANY NEW LOWS
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