There is no change to the wave count since the
last update as wave
(4) now appears to be complete after the large impulsive rally this week. A sharp second wave pullback should be underway.
There is a corrective look to wave
(4) above, and its subwaves clearly count best as shown above: a complete correction. The rally since Monday is very large to work into an incomplete wave lower.
In the long term, odds also favor another all-time high, but keep in mind the sell-off since the last all-time high could just be
A of
(4).
blog comments powered by Disqus