I've counted wave at SPX and I suppose that now Intermediate wave E inside 4 primary wave has started to forming itself in this month
I calculate proportions between 1 and 3 Primary waves (Green color) and let's see what I got:
1 Primary wave:
Begin 666.8$ ending 1363.6$
1363.6 - 666.8 = 696.8$ Total
696.8 / 666.8 = 104.4% Total
Looks like the bulls are not done yet. This EW model projects a possible new high for Dow. Not saying it's going that far but it sure could.
Any hint of a positive comment or encouraging word from FOMC this week about future rates will ignite another leg up on this breakout rally.
They are buying the dips. Monday's grind off took index down to weekly support,...
USDSEK in correction 4thwave as contracting triangle. Expect price to go first 8.20000 to finish wave (e). expceting 5hth move up from there; as it is daily, it can still taken another 2-3 months tro reach (e);