About a month ago I posted a chart of SP500 which said it would go down (to 2600) then up to approx 3100. At the time it was about 2880
I post the chart of 3rd May again here for ref
Attachment 11646
3100 seemed a long way away then with everyone bearish (hence the title of this thread) but here we are now 3115 as I type
Interestingly we never had a decent down leg (impact of more QE ?) during the predicted pattern but it is still valid.
So at this point NOW we wait for a confirmation that the trend has changed downwards before going short big time with main target 2200 but take some profits if it hits 2760
I will discuss the confirmation when/if it occurs so we can all be sure of what I am saying