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YaKa
May 7, 2015 9:13 AM

SP500 - buy 2040 - probably in 3 days. 

S&P 500 index of US listed sharesFXCM

Description

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This the last buy and is not without risk.

stop 2010
Comments
scott_minnesota
If we get to 2040 in the next few days, I intend to flush current holdings to cash, buy the week after june monthly call spreads with 1/3 position and buy the week after july monthly put spreads 1/3 and keep 1/3 cash. I think we are in the final days/weeks of the fifth wave diagonal.
Ape
Why is it the last?
YaKa
There is a last day to everything: any party, any life, any rally...
It is all relative and my call is saying that we have a top leading to 10% down before the 20th of Jun15.
Ape
Yes I read your chart. I understand what you are saying. I was asking for an explanation, a reasoning as to why we top there. I'm just curious
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