SPDR S&P 500 (SPY)

[DowDeva]

Hi Jsc, I agree with your analysis so far. At this point, I think better moves may be found on individual issues rather than on indices. Could be wrong here. An Ewaver I know and respect thinks decline is over. Although I'm not an Ewaver and definitely not as good a trader as he, it just doesn't feel complete. The past week felt like we completes three waves, now in four and with wave five to come, even if truncated (i.e., a double bottom around here or slightly lower, a la 417.)

I'm hoping for 386-388.

Recommended MRNA as terrific short when it was at 400 to many boards back last year. Not sure if it was here or not, but I'll check. Now at 149 (actually, I wasn't in it most of the time). I still think it has play left, 127 range and possibly, (be still, my beating heart)74-68. Lots of synchronous indicator targets at these levels.

If it hits 74, I am going to buy with both hands.

Nope, haven't heard from NN. He's a lot of fun, missed by all. I emailed him and so have others, with no response. Hope it's because he's so happy doesn't need us any more.

Best regards,

~d