from an Elliott Wave perspective...
When dealing with a complex correction, it is best to let others do the trading while you sit back and watch. This is what I have been doing recently with my eyes fixed on the S&P 500 index.
Am not gonna figure out tops and bottoms, there are just too many possibilities. The best way to deal with current Price Action, is to wait for a clear impulse move in one direction and then trade on the retracement.
Based on Speculative Positioning, for now, I am Bullish on Aussie & Euro, Flat for the Loonie & Sterling and Bearish on Swiss Franc.
Technically though, I am watching for a clear impulse to get in on the retracement...
Have a good week ahead...
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