S&P 500/ TEXTBOOK 3-3-5 correction
EXPECT to see a lot of CHOP over the next few weeks as the S&P 500 works its way through the EMA's and completes the 3-3-5 TEXT-BOOK correction as predicted on a previous post. It looks to me like the S&P 500 will reach around 3490 (Between Fib .618 & .786). After deflating into an extended (C) wave down reaching a new low just before the election. Plan to pull out of a few Sept-8 swing-trades around the top of wave (B), then sitting on the S&P 500 sidelines until way after the election and watch GOLD, SILVER & MINERS FLY.
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