tomj2417

NYSE composite - 2 counts for US equities

Long
TVC:NYA   NYSE Composite Index
Personally, I am with the bullish count but to me, the move off the low could just as easily be an ABC zig-zag of a downward 1st wave correction as much as an impulsive 1-2 move of an upward wave 5. I will just have to follow the price action and look for clues in the counts if leading/major stocks. Hopefully then the picture can become a little clearer.
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.