SPDR S&P 500 (SPY)

[crosswinds]

Top or not?

I’m no EW expert. In fact, most EW wave charts I’ve seen could have been better used by enlarging them to banner size, putting them on the floor, and using them as dance step moves for Zumba dance exercises to work off those extra pounds gained while trading in front of the computer all day. Nevertheless, I submit a wave count chart I’m using to make sense out of the market, a difficult task when the Fed is playing a dangerous game of musical deflatable currency chairs. The SSO:SDS daily chart is good for seeing the basic wave moves. So I’m posting that below as one part of a possible case for a top. The other parts have already been posted. A small footnote. I value all posts I see and have for some time benefitted from unusual (to me) methods of charting. Some of my charts may be too “busy” with information. However, I leave all items in there in hopes someone may see something he can use. Below is the daily SSO:SDS chart. Both 60 and 30 minute versions work well for trading. Good luck to all.

http://stockcharts.com/h-sc/ui?s=SSO:SDS&p=D&yr=0&mn=10&dy=0&id=p47717360063&listNum=3&a=210273631