We don't yet have a 5 wave pattern down. Look at that bounce of the line.
Wednesday, April 20, 2016
Monday, April 18, 2016
The market is showing a negative divergence. Although the S&P500 and DJIA is within 2% of its all-time high, the Wilshire 5000 is not. The call here is that the S&P and DJIA will probably make new all-time highs but that the Wilshire will fall short. When the last wave [v] squiggles trace out, that will be the time to probably go short.
Posted by Daneric at 7:08 PM