wavetimer

SP 500 cash Top view of wave structure 5146 +or - 2

SP:SPX   S&P 500 Index
The chart posted is my view of the wave structure it is forming . We had two legs of equal in the sp 500 up into 5123 from 4954 .I would be rather bearish BUT cycles are in a time frame coming up and I think I would see a rather complex structure in formation . We have had a.7.3 % Correction >So I have now taken a 40 % net long I did want to add at 5061/5058 .I would look for the sp 500 now to rally into 5146 area to end wave A up to the alt abc rally idea reason is a simple one the decline is corrective and NOT impulsive in the structure as that the DXY target of 106.6 is nearing best of trades WAVETIMER .

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