Professor’s Comments Update 6/29/17

Posted by OMS  at June 29th, 2017

I’m taking profits on my short term scalp trades of QID now. As I mentioned in my Comments this morning, it appears that all five waves of minor wave 1 down of Wave 1 down are now complete. Next should be an a-b-c retracement for Wave 2 up. This wave should complete sometime next week and set up impulse wave 3 of 5 down. So I’ll be looking for entry points at higher levels on the Q’s after the Holiday.

Taking profits.

That’s what I’m doing,

h

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