Obviously stock market still in bull this year. It's on Wave 5, targetting at 2600-2900,depends on the growing speed of inflation. For long term view, the core stategy is buy on dips. Sell on rally should be very careful, and the stategy is only for hedging stocks in short term. I may issue some kind of that short term strategy but it doesn't mean the reverse trending. If you arenot holding stocks, long index is better plan. In this post, I will only provide long signals. For short term trade,I will open other posts.
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Try to follow with lower time frame chart for more details of trending closely
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revised2325.75
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Update for wave count
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The bullish trending since Y2009,will last till Y2023,from 666.8 to 3100(estimated) maybe.
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Wave 3 likely going to top on arround Mar 1-Mar8 Watch the inner structure for Wave3, abc or abcde?
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Take care of the mentioned dates in the chart
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Weekly chart update it's on 3 of wave 3, very bullish
Thx faylee for you hard work! I just found labeling the indexes chart is rather challenging for myself since there are so many alternations developing. There is an another way of labeling the index that is still bugging me. I mean we could still in the wave 3 of primary degree that is developing now. Which means we could have an another intermediate correction before we run the final wave 5 of primary degree. Do you agree that scenario?
ewtrder
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Wow we are in the extended wave 5 of primary degree which itself has an extended wave 3 and or 5! This is just like the rally of 1999!