aj I believe we are in a wave 4 of 3 here, with a 5 of 3 to follow and that fits your ides of a test of the lows next week. From there we should get a major wave 4 up that could be an ABC or ABCDE triangle. The abcde would be the most frustrating and difficult to trade, which fits with FA issues ahead, so that is probably how would play out. That wave 4 fits your idea of a rise into Dec. What then should follow would be a full wave 5, that should test the 2002-2003 lows by spring and arguably it could go further. They would get the worst out of the way early in the next presidency.
thanks, AJT. I am completely short-sighted in my trade exit if your idea is proven to be correct.
a few mintues ago I exited all leveraged longs. have been trading the ES session since the Sunday open.
I am now short SPY from near hod, which is 96.53 for now.
965 ES is impt. level..we'll see if a short here makes any sense. breadth at SPX hod looks "extremely" bullish relative to prior 2008 end of day levels
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