Base on Elliott's guideline of equality where if wave 3 is the longest, wave 1 and wave 5 should be equal, the DJI shouldn't go higher than 21785.
Based on this we should be very close to a correction.
A wave analysis of the S&P500 shows it is too close to a correction based on the same guidelines. S&P500 idea linked below.
Based on this we should be very close to a correction.
A wave analysis of the S&P500 shows it is too close to a correction based on the same guidelines. S&P500 idea linked below.
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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.