Note the alternate yellow count I have had for some time now is also still in play and would result in a flat that retests the 1850s.
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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.
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Sunday, January 10, 2016
Been a while since my last update but the larger picture is still developing. Since my last post, I mentioned that the triangle made the most sense. So far the market is approaching the lower end of the trendline.
Note the alternate yellow count I have had for some time now is also still in play and would result in a flat that retests the 1850s.
The 60 Min below just highlights the potential subwave options for either wave (c) of the triangle above or wave (y) orange.
Note the alternate yellow count I have had for some time now is also still in play and would result in a flat that retests the 1850s.