It appears that the market is either in a 4th wave (counted from the late August low) or in an Ending Diagonal triangle. If it's been in a 4th wave, it's possible the 5th began at yesterday's low. Or maybe the market will trace out a big 4th wave triangle.
big gap up. Not surprising--today and tomorrow are POMO days.
ReplyDeleteIt appears that the market is either in a 4th wave (counted from the late August low) or in an Ending Diagonal triangle. If it's been in a 4th wave, it's possible the 5th began at yesterday's low. Or maybe the market will trace out a big 4th wave triangle.
ReplyDeleteI think yesterday was the start of the 5th. We have just finished the 4th wave of that.
ReplyDelete