S&P wave bottom?

2010-8-27-spx

Every trade is fraught with danger at inception, and every wave change is fraught with uncertainty.  But the S&P (and the Dow) is breaking the hourly trendline so we are initiating a light trade in the S&P.  This is a trade, not a trend investment.  And is aggressive.

The conservative trade comes on the breaking of  the upper trendline on strength.

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