The caveat though and as previously mentioned, wave -i of {v does not look too legit, so the alternate is that wave {iv is not complete yet and will be looking to form wave -c of a flat or part of a triangle.
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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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Tuesday, February 9, 2016
2/9/16 - EOD Update
In this AM's post, I forgot to mention the 1872.23 level. This is the wave -i low of {v which appears to be underway. So far wave -iv has not violated that level so we shall see if the bears revisit 1812 and lower.
The caveat though and as previously mentioned, wave -i of {v does not look too legit, so the alternate is that wave {iv is not complete yet and will be looking to form wave -c of a flat or part of a triangle.
The caveat though and as previously mentioned, wave -i of {v does not look too legit, so the alternate is that wave {iv is not complete yet and will be looking to form wave -c of a flat or part of a triangle.