SPX (ES) continues it's arduous journey higher. I expect a buying climax in the coming days before taking on any serious short positions.
2 Scenarios:
1) Price action is at 1.618 of the local abc count (4183) and will correct
2) Price action has more room to expand toward 4250 range.
Regardless, I am looking for confirmation via divergences and price action.
2 Scenarios:
1) Price action is at 1.618 of the local abc count (4183) and will correct
2) Price action has more room to expand toward 4250 range.
Regardless, I am looking for confirmation via divergences and price action.
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