We have had less than 30% retraces for more than a year. The move you want is about a 65% retrace. I hope you get it but the chances are slim.
We just bounced off a 23% retrace just a minute ago and those are very rare as well. I just went flat because of the beautiful ABC retrace we just witnessed. Those have played out every time in this massive bull run. I am waiting for those to quit playing out before I stay in a short for very long.
Good luck...just don't let them take you back under water after a move this nice because they will try their best.
Lots of retrace value targets getting hit all at once on my puter and making a racket. I think that was it for this move. I will be surprised if 1190 / 724 doesn't get hit soon. If it doesn't then I will say uncle and start holding shorts overnight. Until then...
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