Should be heading for a 61.8 retrace after a wave 1 of 3 down. But do not necessarily go all the way for a 61.8 retrace.
If gold catch a bid and SP are heading down for a major wave 4 correction over the next couple of month things could get bloody ....fast
The invalidation of this count will be at 104,819. (Correct line in the sand is 104.938)
I see a short term correction upwards for making a wave 2 of 3. I will be big time short there for a wave 3 of 3 down
As always time will show
Safe trading ladies & gents .
Music at work: