Beware shorts, because the S+P 500 found support where I suspected that it might in the backlink whose model is below.
While that model suggests a small bounce should occur there, an alternate count to BOLO for is below. Other possibilities exist. The real time for shorting will be during wave 5 down if we see the HT model play out and if it doesn't then after this does bottom into intermediate degree wave 1 down, after the a-b-c occurs, UVXY will become the best bet again because the 3rd wave break down of this Ponzi pump market should be a doozy if the top level EWI count turns out to be correct.
Tuesday, September 29, 2015
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