The S&P 500 is up 10% in 6 days!
Until we get some sort of pullback there is nothing to do on the longside, that is unless you like chasing buses at these levels. We don’t and we won’t. But if we get some sort of ABC pullback? A Pullback Off Highs (POH)?, then a launch? Sure then we can SELECTIVELY step up to the plate.

Daily Time Frequency Charts

As you can see we have the 5 waves down we’ve been talking about for months now looking complete. From here it’s what to do with a pullback. And of course the depth of that pullback that we really want to pay attention to. We’ll know in the next few days. Suffice it to say we are leaning to the longside from now till end of year.

By David Grandey www.allabouttrends.net

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David Grandey is the founder of All About Trends, an email newsletter service revealing stocks in ideal set-ups offering potential significant short-term gains. A successful canslim-based stock market investor for the past 10 years, he has worked for Meriwest Credit Union Silicon Valley Bank, helping to establish brand awareness and credibility through feature editorial coverage in leading national and local news media.

Disclaimer: The above is a matter of opinion provided for general information purposes only and is not intended as investment advice. Information and analysis above are derived from sources and utilising methods believed to be reliable, but we cannot accept responsibility for any losses you may incur as a result of this analysis. Individuals should consult with their personal financial advisors.

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