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Rut Update


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#1 MikeyG

MikeyG

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Posted 30 May 2014 - 06:56 AM

I would say I would rather be long here than short... But since the setup is only ok, I will do neither... Stopped out of Aussie short yesterday at a loss... I can't post as much as I was on vacation last week... Looking longer term now, I have GE completed a wave 2 in June and starting a wave 3 impulse down... Now, if true this is very significant due to GE pretty much moves with the market... Couple key elements before we can see a secular top here, obviously FIB has exhausted the one... The other, would like to see a divergent MACD on the monthly RUT, which means a lot more room for bulls hear in the short term if this happens... Good luck all...

Edited by MikeyG, 30 May 2014 - 06:57 AM.

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