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Strategies & Market Trends : CFZ E-Wiggle Workspace -- Ignore unavailable to you. Want to Upgrade?

To: Rarebird who wrote (40467)	12/6/2024 10:38:21 AM
From: skinowski	1 Recommendation Recommended By humble1 Read Replies (2) \| Respond to of 41461

Looking at the $SPX action since the 2022 bear market low, I do see a possibility that the entire move may be at the end of a five wave impulsive advance. This narrowing range of the recent several months could prove to be an Ending Diagonal, a possible Wave 5. But, there are some bullish possibilities still open, as well. It may keep subdividing and extending for some time. I sold some this morning. Brought the total exposure to just under 50% - and will watch what happens. If it builds some bullish setups - will reenter again. It was a good ride.