Wave 5 is at 1 x Wave 3. While there's little signs of divergence on both RSI and Composite Index, the RSI seems to be way overbought, and this price level seems crucial. A turning point could be around the corner.
Inverted yield curve on DGS2 and DGS10, while VIX seems at an all-time low. These two warning signs had been present in the build-up towards the previous melt-down of the subprime mortgage crisis.While there might be some ways up to go still, I am not comfortable going long on this index at this price. Awaiting correction to bring prices down to more reasonable levels before taking up another long position.
Inverted yield curve on DGS2 and DGS10, while VIX seems at an all-time low. These two warning signs had been present in the build-up towards the previous melt-down of the subprime mortgage crisis.While there might be some ways up to go still, I am not comfortable going long on this index at this price. Awaiting correction to bring prices down to more reasonable levels before taking up another long position.