I can make a few different Elliiott counts, but they all lead in one direction. -down
I prefer to count 5 waves down from oct10 to march 10 or 17th. WHen this occurs, it predicts further declines after the 3 wave rebound which appears might have completed on April18th, or imo might still have more to go till June7th. In between we should see a lower 'b' wave in the 3 set structure most likely ending on May28th.
What about this week?
OK, We got a high on Apri18th, right on a Bradley turn date
Apr 22nd, another turn date looks like it started a new downtrend and that should go to the 28th where the next Bradley date hits, and there is enuf negative astro to support that outlook. I do expect a rather large down day on the 28th.
From there, we should get a rebound accompanied by the Fed thru May2nd or 5th where Arch says get short, and I agree with him.
Best for now
Jay
1 comment:
Good data and analysis. I think your top line just over 1400 will offer resistance but if we break through then 1440-1475 looks like a good target.
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