SPX holding 4.5units short with stop 3013. Position update to follow.
The high of the last 9day cycle occurred 7days ago, and 9days would be on Wednesday. The avg amplitude (1std dev) is approx 30pts, and 2 SD is more likely to approx the range. That est for rally high of 3105. 3075-3105 is a reasonable est for range of rallyvpeak, and scale up at 1/2 unit quantities is also reasonable. I already did this on the 4.5 day cycle and do not wish to add more at the same levels.
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