FB update: one more wave up underway

In my previous updates on Facebook (FB), see here and here, I thought a larger top was struck at around $155, but I was wrong. Yes, we all are wrong till the market proofs us right; and what we then have to do is to see where we went wrong so we can get better…

Will the NDX determine where the SPX goes next?

This is an update to the July 8 Premium Member Weekly Digest. 4th waves tend to typically retrace 23.6 to 38.2% of the prior 3rd wave. In this case intermediate-iv of intermediate-iii on the NDX, and these retrace levels correspond to $5600-$5414. It is impossible to know before hand which retrace level it will be…