SPX Short Setup

FX:SPX500   S&P 500 Index
if you have been following any of my latest charts then you will know atm i am flat...however i am following the market very closely and so far i have not been convinced that this wave 2 was done. Well after taking a look at the time symmetry between the corrections of the previous sub-cycle as you can see there is clearly time symmetry. So why would wave 2 of the larger cycle share the exact time symmetry...well it doesnt which is why its looking more and more like the move from 278-9 to 269 was simply an "a" wave to start the larger wave 2 correction! Also we have declining volume on this move up. I am in no hurry to enter the market and will wait for confirmation to short this. I will update accordingly in the chat. If you have questions about entering or the idea feel free to pm me! Happy Trading!


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