A VIEW of PROJECTED PRICE analysis shows a SHARP decline on May31st as previously indicated.
Following that we see the FIFTH wave progress thru Aug 8th
NO matter what level May31st ends at, be it 1296, 1287, or 1275, it will still be counted
as a FOURTH WAVE
NOW, as a CORRECTIVE wave, maybe it should be labeled - a,b,c,d,e, but the outcome
for price projections DOESNT CHANGE.
The corrective labels do allow for the FIFTH wave as shown above thru August.
Otherwise we might view May 31st as the bottom of WAVE 1m and the FIFTH wave
projection becomes WAVE 2 which would normally reach 78.6% to the 1355 area
given a low off 1296 Tuesday. Obviously price projections would change if price falls below
May 31st should be INFLUENCED a GREAT DEAL by what Asia & Europe do on May 30th
POWER DATA indicates they will have a BAD DAY, which should be an OBVIOUS influence
on our market OPEN on the 31st.
There are SOME indications that Tuesday @ 10am might be the LOD, and the rest of the day just
TREADS WATER, or floats slightly higher during the day.
The above graph also indicates JUNE 1st ECLIPSE day will start the month off with a BANG
WE might only see an attempt to break out above 1370-1380 area during this 5th wave
YES, 5th waves are thought of as powerful, but not following a LONG extended 3rd wave to the
Thus the entire 5th wave might end up being viewed as a FIFTH FAILURE.
this will count out as 5 waves as shown.
the structure might take the form of an ENDING DIAGONAL -indicating extreme exhaustion.
That structure will be seen as a 3-3-3-3-3, with the 4th wave overlapping wave 1.
Either one will be seen MORE CLEARLY in retrospect.
Enjoy the holiday