FX:SPX500   S&P 500 Index
294 2 1
If price hits this level (as shown), you may ride 3rd of 3rd, which is one of the most profitable conditions. Good trades. However if 2040 levels are reached, do not stay LONG there. We are in a major down trend and I expect a significant (and fast) down trend from this point on. Here we are trading against the major trend and choose your stops considering this fact. Good Trades.
Comment: Point reached. Wait for a Thrust to enter LONG
Your wave iv is lower than wave i which violates EW rules.
chinabox Will Wong
No if leading diagonal. Nevertheless right now it seems more an abc, and below 1870 bears will be at command...
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