How high can a 4th wave rebound go.
Is this a 4th wv rebound?
Some are projecting 12,450 to 12,500, and It looks like we might have that in during the 1st hour today. There is an 8 days cycle which does peak in the first hour today.
a 4th wave rebound is very likely.
The poor start that Jan had does not recover in a week, or month, and may even take all year.
A 4th wave would usually occur in 3 waves. If we've got the "a" wave completeing, then" b" should be next. That wave has its rules and can even drop below the 3rd wave low, but not usually. typically it would be at least 50% of the rebound = about 350 dow pts to 12,000 level.
If thats the case, then Tuesday am has the best timing for such.
Still expecting Feb6th eclipse to provide a High.
Jay
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