My Elliottwave analysis of the S&P 500 indicates that we might be finishing up wave (b) of an expanded flat that will complete wave 4.
I have come to this analysis because of what looks like a triangle formation in the middle of this latest rally, which indicates a corrective (b) wave.
If correct, a strong selloff is coming imminently.
Comments appreciated.
I have come to this analysis because of what looks like a triangle formation in the middle of this latest rally, which indicates a corrective (b) wave.
If correct, a strong selloff is coming imminently.
Comments appreciated.