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Member’s Video for Friday, February 23rd, 2018
We added to our shorts today in the S&P 500. It’s do-or-die time for the bearish count and if it doesn’t hold, it’s time to shift into range bound income strategies for wave 4.
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Hey Todd, comment (Friday morning trading). This bouncing back and forth doesn’t look like we have a sold impulse structure down into (C). What we could be in for is a triangle of a B of an A (your (B) wave) and then when finished the B at 2640 – 2660 a bounce to a (B) before we turn to a (C).
I am looking at the following count right now https://www.dropbox.com/s/ga2453ws83v5x0i/2018-02-23_17-08-00.png?dl=0 which is a double three since the top on the 16th.
Correction to my comment: c goes lower than a – not ideal for triangle, but a complex combo still in play.