SPX range bound unit September expiration

Aug 1

Expect sideways wave 4 to last 4 weeks, volatility, (small positions: sell up, buy dips or do NPOTHING and hold. Basically these types of Wave-4 are where traders loose money from Wave-3.

Aug 8

Trade active

Still following thesis that a major wave 5 yet is incoming to end the years and we are currently in what could be an extended wave -4, and holding/ consolidating slightly reduced long positions. Will be ready to add should the market make new highs, or buys the dips at the bottoms of the channel shown, should market go there.. be optimistically cautious

Aug 12

Trade closed: target reached

Wave -04 over Scaling back in adding back to longs, will inkle have a small Wave 2- correction as we head up further for Wave -05

Aug 12

Note

Nasdaq Bull aiming for 25,000

Sep 2

Note

Original Idea still in play, This is what I expect