Monday, May 13, 2024

SPX Update: It Took More Than 50 Seconds to Think Up This Title

Last update anticipated that the market would move a bit higher to complete wave iii, then correct in wave iv before moving higher again.  It appears that's what happened, though I can't entirely rule out the possibility that the third and fourth waves we saw on Friday were of even lower degree, with the completion of wave iii still to come.

Other than that, nothing to add to recent updates.  The market continues to behave in line with expectations, which is about the best we can ever hope for.  Trade safe.

No comments:

Post a Comment