As with yesterday's SPX chart, prices are in the process of retracing a Fibonacci percentage of the prior decline and a move into the Fibonacci window, accompanied by shorter-term trend SELL signals, will provide an opportunity to enter on the SHORT side. Late yesterday was the first attempt at this strategy, obviously a fake out. It may take multiple attempts, nothing worthwhile ever comes easy. The pay-off, being SHORT for a Wave 3 decline, is easily worth a few whipsaws, i.e. whatever works.
