today. However it also seems to have printed a leading diagonal. A leading diagonal tends to retrace very deep. Today it broke past the neckline on a rule of 4 Breakthrough. It is knocking on another trendline too. The primary count shows a wave (2) retracement of 61.8. The alternate count is a 1-2, 1-2.
suggest a possible final thrust into the throwover area. The NQ/QQQ/SMH ATHs achieved yesterday could rope in more bulls as the FOMO mentality grips them. I doubt the ES/SPX could reach an ATH on this thrust but who knows? Just be careful and protect your gains.
it, and well on its way to Fib 1.618 extension of wave 1. Throughout the recent selloff, BGS had more than held its own. Food is a winning sector in the Covid-19 era. This is a winner and keeper. I tried trading this a few times only to regret having to buy back in at a higher price.
years ago and clearly shows the rising VIX base that led to the crash in 2008 was also happening in 2018 and 2019. QE 1,2&3 helped to pull the market out of the 2008 crash. It appears that unlimited QE announced today could do the same for the crash in 2020.