RUSL just popped 18%, looking much like
the model I provided here. Buy the dip folks, don't chase the short term peaks. Also, watch out in the very short term that this might just be a gap fill a-b-c move. I sold into this AM pop for > 18% gain and am waiting to see if this resolves into a 5 wave move or if it will stop here at a 3 wave move. As always, trust in the EW model but verify! Note that RUSL has been trading with the DJIA, the DJIA popped today and RUSL popped. But my UVXY model says the DJIA could do an AM reversal and so until there is some decoupling event we have to wonder if RUSL will go down with the DJIA. Longer term models are all good and nice but that is like driving on the green. Drive for show, putt for dough!
If you missed this RUSL move, your next best bet is to wait for the UVXY dip to play out and it is happening very quickly this AM as laid out
in this post. Look at that gap down in the UVXY snapshot below; it happened just where it was modeled to occur. This might seem like a little thing but it's not. Being able to correctly model chart features like this shows that I'm tuned into the correct model.
No comments:
Post a Comment