Replies to post #12448 on Profunds index and sector trading (PRO)

[Z-M-L]

My STOP LOSS remains at 1500 on the NDX...that is where I would have to turn Bullish and consider the DECLINE from January 20th as an A-B-C Wave 4 correction. I guess that would be my Alternate count that you are looking for. Until that happens. I remain Bearish. Corrective Rallies are part of process. I actually LIKE how Bullish some are getting over a FIB (5+1) trading day rally that has NOT yet even hit the (.618) retracement. This rally has done nothing BUT changed the Bearish Wave Count from the HIGH at 1508.

Have a Great Evening !!! Heading home now.