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Strategies & Market Trends : CFZ E-Wiggle Workspace
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To: kckip who wrote (39980)10/16/2023 4:00:15 PM
From: skinowski1 Recommendation

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kckip

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So, it didn’t make another swing to new lows. C’est la vie. But, it looks like it’s trying to run.

If you look at the SPX, the Y is actually a pretty neat wedge - even though it seems to be made up of 5-wavers.

SPX moving above 4386 should mean that the correction is over.

I think we spoke about limiting risk due to a tense political situation. My thinking was to sell some shares - and replace them with call options. I actually did it. Used slightly ITM and some ATM calls, December and January. I don’t expect this correction of the first leg out of the low to go on for much longer.
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