I don’t want this to become an investment blog, but the ole Elliot Wave part of me is freaking out. Check out this beautiful set up:<\/p>\n

<\/p>\n

 <\/p>\n

Wave 1 finished around June ’11, Wave 3 ended around June ’15, and Wave 5 just completed a nice 1-3-5. \u00a0This is the tricky part. \u00a0We are definitely in the final wave 5, but it could extend.<\/p>\n

Basically at a minimum be very defensive here. \u00a0If you want to play it, don’t get greedy. \u00a0Give up on Wave 1 down. \u00a0Target would be somewhere around the 2200 level. \u00a0Look for the A-B-C rebound then short. \u00a0So if this wave 5 extends, no problem. \u00a0Just be looking for that Wave 1 sell off for the short set-up. \u00a0For reference, check out the beautiful A-B-C rally \u00a0around March ’08.<\/p>\n

Using the 2008 blood bath as a reference, the initial Wave 1 sell off took 2 months, with the snap back rally (Wave 2) lasting 1 month. \u00a0If this is what is setting up, no need to get greedy, you’ll have time.<\/p>\n

The Fed is going to raise again in September, so that may be the trigger.<\/p>\n

Final note, chart was from a Zero Hedge article.<\/p>\n

Link to Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

I don’t want this to become an investment blog, but the ole Elliot Wave part of me is freaking out. Check out this beautiful set up:   Wave 1 finished around June ’11, Wave 3 ended around June ’15, and Wave 5 just completed a nice 1-3-5. \u00a0This is the tricky part. \u00a0We are definitely…<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"libsyn-item-id":0,"libsyn-show-id":0,"libsyn-post-error":"","libsyn-post-error_post-type":"","libsyn-post-error_post-permissions":"","libsyn-post-error_api":"","playlist-podcast-url":"","libsyn-episode-thumbnail":"","libsyn-episode-widescreen_image":"","libsyn-episode-blog_image":"","libsyn-episode-background_image":"","libsyn-post-episode-category-selection":"","libsyn-post-episode-player_use_thumbnail":"none","libsyn-post-episode-player_use_theme":"mini","libsyn-post-episode-player_height":"50","libsyn-post-episode-player_width":"200","libsyn-post-episode-player_placement":"top","libsyn-post-episode-player_use_download_link":"","libsyn-post-episode-player_use_download_link_text":"","libsyn-post-episode-player_custom_color":"","libsyn-post-episode-itunes-explicit":"","libsyn-post-episode":"","libsyn-post-episode-update-id3":"","libsyn-post-episode-release-date":"","libsyn-post-episode-simple-download":"","libsyn-release-date":"","libsyn-post-update-release-date":"","libsyn-is_draft":"","libsyn-new-media-media":"","libsyn-post-episode-subtitle":"","libsyn-new-media-image":"","libsyn-post-episode-keywords":"","libsyn-post-itunes":"","libsyn-post-episode-itunes-episode-number":"","libsyn-post-episode-itunes-season-number":"","libsyn-post-episode-itunes-episode-type":"","libsyn-post-episode-itunes-episode-title":"","libsyn-post-episode-itunes-episode-author":"","libsyn-destination-releases":"","libsyn-post-episode-advanced-destination-form-data":"[]","libsyn-post-episode-advanced-destination-form-data-enabled":"","libsyn-post-episode-advanced-destination-form-data-input-enabled":false,"libsyn-post-episode-premium_state":"","libsyn-episode-shortcode":"","libsyn-episode-embedurl":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7,21],"tags":[],"aioseo_notices":[],"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"","_links":{"self":[{"href":"https:\/\/www.jamesdeprisco.com\/wp-json\/wp\/v2\/posts\/293"}],"collection":[{"href":"https:\/\/www.jamesdeprisco.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.jamesdeprisco.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.jamesdeprisco.com\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.jamesdeprisco.com\/wp-json\/wp\/v2\/comments?post=293"}],"version-history":[{"count":1,"href":"https:\/\/www.jamesdeprisco.com\/wp-json\/wp\/v2\/posts\/293\/revisions"}],"predecessor-version":[{"id":294,"href":"https:\/\/www.jamesdeprisco.com\/wp-json\/wp\/v2\/posts\/293\/revisions\/294"}],"wp:attachment":[{"href":"https:\/\/www.jamesdeprisco.com\/wp-json\/wp\/v2\/media?parent=293"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.jamesdeprisco.com\/wp-json\/wp\/v2\/categories?post=293"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.jamesdeprisco.com\/wp-json\/wp\/v2\/tags?post=293"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}