Just having fun with some new learnt TA stuffs.
it's a Fibo date + Fibo price thingy. guess we still have till July until the real correction kicks in. target should be at 2700. we should be at major wave 4 now, looking at the uncertainties these few weeks. if my understanding of Elliott is correct, we should see a final wave 5 till 2700.
looking at US, volume is shrinking, indicating a correction soon. regretted cut loss at 8850, almost at the highest point. FYI, I shorted S&P500 x2 with 15% losses.
So now it's STI wave 4 vs US potential correction. US should be in wave 4, judging from the nature of wave4.
I'll be staying sideline till the real show begins. No point sticking my head out again when there's not much certainty.
Will do a normal short S&P if wave 5 unfolds.
