and 4th wave correction has begun.
38.2% of the 3rd wave is around $2100.
With the deteriorating economic data and earning forecasts, this is possible scenario.
38.2% of the 3rd wave is around $2100.
With the deteriorating economic data and earning forecasts, this is possible scenario.
Trade active:
SPX500 reached at a=c
Dow30 at 0.9a=c
Nasdaq 100 at a=c
Buyers/short cover can outweigh in short term.
I will not be surprised if it extends lower, though.
Like to short the rally anyway technically and fundamentally.
Dow30 at 0.9a=c
Nasdaq 100 at a=c
Buyers/short cover can outweigh in short term.
I will not be surprised if it extends lower, though.
Like to short the rally anyway technically and fundamentally.