The bears gave up their chance of forming an impulsive wave down off the 1946 high from last week. Therefore, there is a better chance that we may be seeing wave -y up.
We shall see if the gap at 1950 will be filled.
Stock Market Analysis With The Elliott Wave Principle -Dow Jones, S&P 500, Russell 2000, Nasdaq and FX. All charts and commentary on this site are strictly the opinions of the author(s) and are for recreational purposes only. In no way should this be construed as trading advice or a recommendation for investing. See disclaimer at the bottom of the page.