BROKEN ARROW in NYSE - Elliott Wave Bearish CountBroken Arrow - Ending Diagonal
New York Composite looks similar to the SP500.
Price action seems to had made the last wave up the 21th of may 2015 and thus done with the 5th of the 5 waves up since 2009 low.
Yesterday's price action stopped at the lower trend line for the ending diagonal.
We still need have confirmation - either by price action breaking the trendline or setting in a lower low on the daily timeframe.
NYSE has just like SP500 reached a fib-resistance area at 1.13
Fear not... believe what you see and trade it.
@BLawrenceM
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Broken Arrow?
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