It makes no sense given the economy, but the chart is saying we could be starting Wave 2 soon with a Huge wave 3 to come.
I'd love to hear everyone else's thoughts. I can't get my mind around a ride up as the economy goes down.
*NOT FINANCIAL ADVICE - NOT A FINANCIAL ADVISOR*
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Believe it or not, we are following Wave 2, at least for the moment.
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NDX and SPX came in more of a corrective wave and had me reinterpreting this. Re-Labeling - Seems more like a corrective XYZ secondary than an impulse 1-5 up. But time will tell.
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I've reworked Waves over and Over trying to make sense of SPX & UPRO, and I'm getting closer, but where to now? More correction?