Quick note

I’m still studying Elliot Wave theory, so my counts are amateur level at best.  I’m still ambivalent about the current situation in the markets.  We obviously broke above the rising channel that was formed in the SPY but it remains to be seen whether it’s a blow off top and we have quick movement to the downside or if this is an impulse wave and the beginning of a new rally.

Must be prepared for every scenario, only way to win.


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