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gLloW

S&P Pullback Continuation, then back up to New Highs

Short
S&P 500 Index (FX:SPX500)  
gLloW Updated   
FX:SPX500   S&P 500 Index
7
1
See notes on chart. All time frames in front of the daily have broken trend or are about to. There needs to be a correction on the daily time frame, which will make it a significant one. I believe that we will drop down to 2070ish, which is the the top of the bull flag that we recently broke out of and also the .618 fib retracement from the Brexit drop. The Weekly Wave is negative, but still above the previous wave upper trend line, and the monthly wave is very strong, so I think we'll bounce around 2070 and then move up to new highs. I will add that I believe this pullback will start within the next day. If it doesn't, I will have to re-evaluate this plan.
Trade active:
Went long 2x volatility (TVIX) at close today.
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