As happens often when there is a long impulse with many distinct waves there is more than one way to count it. We have advanced from 1810 with many waves in an impulse. If we hit the area of 2115-2125 and drop dramatically one count of the 300 point advance from 1810 will be correct. If we hit the area of 2115-2125 and go on to a new ATH the other count will prove correct. Bottom line is that going flat for a while once we hit 2115-2125 would seem the prudent thing to do until the question is resolved. In either case there will be plenty of time and plenty of dramatic moves to play.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.