One of the few charts that offers an 'easier' Elliott Wave count for US equities in the present market. This count suggests that we are presently in wave 3 of a 5th of a 5th wave (if that makes sense) and could be due a 4th wave correction any time soon. This count would also expect a shallow 4th wave correction due to wave 2 being deep before continuing higher to complete wave 5.
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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.