Podcast: Play in new window
If I look at the Euro it looks like I’m in some kind of triangle consolidation pattern. That would tell me that I am probably in some kind of 4th wave. To sync this up with the S&P it appears that everything from May 20th could be labeled as an ABC flat 4th wave on the S&P 500. That would give me some alternation with the 2nd wave which as a zig zag from April 9th till the start of May.
The big reversal day down on Monday was the 15th day of the rally, the duration of the 2nd wave was 15 days.
Something to consider if we get a hard down today.
FULCRUM FEE - A Managed Account with Fees based upon Performance
“Qualified Clients” Only
-$1,000,000 of Assets under Management with $500,000 in Fulcrum Fee Account
-$2,000,000 Net Worth (excluding residence) with $500,000 in Fulcrum Fee Account
Individually Tailored for each Client
“SHARE the PAIN and the GAIN”
Email or call for complete details
Financial Consultation, offered through Fulcrum Advisory Services, available for non-clients - $250/hour
1650 Tysons Blvd, Suite 620
McLean, VA 22102
(703) 689-4001 - Virginia
(866) 689-4001 - Toll Free