A few naked weekend thoughts from this great rally what I´ve found out to work for me well.
– SPX alone is very weak estimating / analyse tool for EW, individual stocks need to be able to confirm same, at least 12 of them, prefable over 30. If there appears to be conflict between them and SPX – count for SPX is wrong and stocks are correct.
– Marked allways looks risky as all new highs allways do (or lows), but this is unlikely to stop anytime soon for any other as corrective waves either.
– I believe SPX 1320 will appear, if not this year then next one (have chart for it somewhere below).
– FX pairs allways need multiple confirmations from other pairs when it comes to individual setups, nothing alone doesn´t mean anything.
– Right now, a bit too overbought index for my taste anyway – but doesn´t mean absolutely anything at all for any individual stocks. They might differs a lot from it or the not, depending of the stock.
Finally, CRB chart appears to know these things reasonable well.
