The idea of an imminent short-term decline in US equities has not changed. Should the S&P 500 continues to ease from last Tuesday high of 1041.6, it may unfold in a simple 3-wave pullback towards the equality target at 3847.2.
If so, the idea is to position buying orders for a resumption of the rally from 3489.5 towards the top of the rising channel at 4122.4 target.
#1 Limit Buy @ 3869.0. Moved #1 Limit Buy to 3894.5 Tue, Nov 22, 11:25am
#2 Limit Buy @ 3848.5
All Stops @ 3690.0
Target @ 4110.0