Bear trap getting set up for the next 2 days, IMO.
Then it'll run up for 3-4 days, and we should make lower closing lows, but not sure if it will make lower intraday lows.
Sentiment still not at a stage where I can say wave 2 up has ended. I think the evidence will be that IF next 2 days are down, but equity p/c remains frothy, and the next 3-4 days equity p/c becomes even more frothy, then wave 2 up has ended.
WAVE 2??....please show count on chart. thanks.
