Chinese proverb: The Fox Borrows the Tiger's Ferocity. I am saying those bullish E-wavers are "bullying" bears for too long. The Long term E-wave projection is susceptible with market underlying intrinsic conditions. Now, QE is behind us, ZIRP drives the index at a snail’s pace ( Q1 open 2058.90, close 2067.89), the market intrinsic is different from last few years. ... well, Let’s see whether their wishful thinking will transpire; Bear in mind, it is the Market deploy those waves, therefore, the master (Market) & slave relationship is clearly defined.
RELAX!
I keep only the top level count so that you can visualize why bullish E-wavers are puffing & frothing.
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