Is a Wave C rally on the card for US stocks into X-mas?
Long term, my analysis would classify me as a bear.
technically I'm looking at a 5 wave move down 3 up, then 3 down. now any follower of Elliot knows that a flat corrective pattern is 3-3-5 wave move.
IF the analysis is correct THEN we are in wave 1 of C. that should move DJI Futures to 26400 level, before wave 3 down.
technically I'm looking at a 5 wave move down 3 up, then 3 down. now any follower of Elliot knows that a flat corrective pattern is 3-3-5 wave move.
IF the analysis is correct THEN we are in wave 1 of C. that should move DJI Futures to 26400 level, before wave 3 down.