For those that like the market topping action via the A-B-C Elliott Wave pattern (in big picture wave 4) then TODAY could have seen the TOP of the correction.
Wave B (year long) could be complete after an (a - triangle b - c) pattern where wave c = fibo 0.618 extension of wave a.
Also within wave c it looks like five complete waves with the last mini wave v hitting the top of the internal ii-iv parallel off of internal iii high.
Tough to sell into this beast of a rally the last 3 months but here would be as good a place as any.
Potential for a re-test of 5900 (yes 5900) by the end of 2020. SO a lot of reward for not much risk imo.
Wave B (year long) could be complete after an (a - triangle b - c) pattern where wave c = fibo 0.618 extension of wave a.
Also within wave c it looks like five complete waves with the last mini wave v hitting the top of the internal ii-iv parallel off of internal iii high.
Tough to sell into this beast of a rally the last 3 months but here would be as good a place as any.
Potential for a re-test of 5900 (yes 5900) by the end of 2020. SO a lot of reward for not much risk imo.