It is associated with great risk.

FX:SPX500   S&P 500 Index
223 0 2
Wave (C) must be greater than the wave (A). Today we see that the wave (C) is equal in magnitude wave (A). If the wave (C) is completed, it is a violation of the wave theory. Probably in the process of formation of expanding triangle 4 got small magnitude waves. Another explanation of the situation today, I do not see. And I admit the thought that today we do not see the completed version of wave (C). In this case, in wave (C) the market will fall almost to the level of Fibonacci in 1967 points. No more. This is a difficult situation. But I can not go on to hold a short position open. It is associated with great risk. I think we are already in wave (D).We are doing the reverse position. Opening a long.
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