scripter

THE US and GLOBAL MARKETS TICKING CLOCK THE GREATER DEPRESSION

Short
TVC:DJI   Dow Jones Industrial Average Index
As you can see a clear and easy elliot wave on the Dow Jones. Waves 1 and 2 developed in 2009. The time for this was from 1896 to 2009. A whole 113 YEARS. Let's move on to the wave 3 structure that hit the 161.8% to the tick when Covid happened to create the 4TH wave. How convenient. The wave 3 (Covid) took 4th down. The wave 3 took from 2009 to 2020, 11 years 16 days. Per elliot wave guidelines, wave 3 cannot be the shortest wave in price or time. This tells us that the 5th and final wave must be completed in less than 11 years and 16 days from the 4th low of 3-23-2020. My analysis is that The United States loses its status quo by 2031 or sooner. Dow Jones, SPY, NASDAQ, AND Global Markets go into what could end up being called The Greater Depression!!!
wave 1-2 113 years wave 3-4 11 years 16 days wave 5 FINISH must be less than 11 years 16 days from 3-23-2020
Final maximum date 4-8-2031
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.