Have started buying shorts, but will wait to see fridays triple witching for adding
5th wave can fail to reach the 3rd wave peak - in the SPX case 1730.
A failure to break above 1730 now that the SP-500 has reached 1711 will likely send the SP-500 price falling rapidly back down toward were the ending diagonal began at 1560.
But as always .... time will show.
Safe trading Gents!