US Markets not quite ready to crash... Elliott Count?
Well... maybe and maybe not.
If you have seen my previous posts I have been speculating that the drop is not so clear just yet and this may be a complex correction as is common in wave 4.
Right now it's a double ZigZag and could be forming into a triple one.
All this to say that the current price is once again in no-man's land. I'm watching mostly for a ZigZag down to the bottom of the channel. BUT I won't be surprised by a move up. We may yet get that Santa Claus Rally.
Up or down from here is a bit of a roll of the dice.
If you have seen my previous posts I have been speculating that the drop is not so clear just yet and this may be a complex correction as is common in wave 4.
Right now it's a double ZigZag and could be forming into a triple one.
All this to say that the current price is once again in no-man's land. I'm watching mostly for a ZigZag down to the bottom of the channel. BUT I won't be surprised by a move up. We may yet get that Santa Claus Rally.
Up or down from here is a bit of a roll of the dice.
Comment:
Markets moving fast.
