Dow Jones n S&P 500
Elliott - this is the 5th wave and the last of the impulse wave of the current swing. The 5th wave has been divided into its own 5 waves. This is the last wave or the vth of 5 in play. The tgt for both of them is some 4% from the CMP.
Conclusion - atleast for a week or two the US indices should keep rallying. This should keep our mkts also hopeful. Use any rally as an opportunity to exit.
Elliott - this is the 5th wave and the last of the impulse wave of the current swing. The 5th wave has been divided into its own 5 waves. This is the last wave or the vth of 5 in play. The tgt for both of them is some 4% from the CMP.
Conclusion - atleast for a week or two the US indices should keep rallying. This should keep our mkts also hopeful. Use any rally as an opportunity to exit.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.