Sorry for the low-quality sound, my mic was not plugged in. The wave (4) as a WXYXZ structure in the primary scenario was confirmed last week as we took out the wave (3) high. On the one hand, this is bullish as we are now working on a wave (5). On the other hand, we have to be careful with the expectations for this fifth wave. With the current data, we favor...
The S&P 500 reacted strongly from the extreme boundary of the wave (4) area. The main question is now if this reaction is impulsive or corrective. With the current data, it still looks corrective.
In the higher time frame, we are working on a wave ((2)) correction down. This wave ((2)) is unfolding as an ABC and we are currently working on the wave B. In the lower time frame, wave B is unfolding as a WXY structure.
The wave (4) as a WXYXZ structure in the primary scenario was confirmed last week as we took out the wave (3) high. At the one hand this is bullish as we are now working on a wave (5). At the other hand, we have to be carefull with the expectations for this fifth wave. With the current data, we favor some more upside but we do not expect a huge wave (5) bull run.
The S&P 500 reacted strongly from the extreme boundary of the wave (4) area. The main question is now if this reaction is impulsive or corrective. With the current data, it still looks corrective.
In the higher time frame, we are working on a wave ((2)) correction down. This wave ((2)) is unfolding as an ABC and we are currently working on the wave B. In the lower time frame, wave B is unfolding as a WXY structure.
The FTSE is giving us very corrective and sideways price action. It is difficult to come up with a reliable forecast. The sideways price action fits in a bullish as well as a bearish scenario.
We are still working on the wave (2) as an ABC structure. The wave B is unfolding as an ABC pattern. As we came close to the wave (2) area and based on the NASDAQ and S&P 500 analyses, the alternative scenario calls for the end of wave (2) as a WXYXZ structure. Price action in the lower time frame will further guide us in these two scenarios. If we start to turn...
The S&P 500 reacted strongly from the extreme boundary of the wave (4) area. The main question is now if this reaction is impulsive or corrective. With the current data, it still looks corrective.
The wave (4) as a WXYXZ structure in the primary scenario was confirmed today as we took out the wave (3) high. At the one hand this is bullish as we are now working on a wave (5). At the other hand, we have to be carefull with the expectations for this fifth wave. With the current data we favor some more upside but we do not expect a huge wave (5) bull run.
In the higher time frame, we are working on a wave ((2)) correction down. This wave ((2)) is unfolding as an ABC and we are currently working on the wave B. In the lower time frame, wave B is unfolding as a WXY structure.
In the higher time frame, we are working on a wave ((2)) correction down. This wave ((2)) is unfolding as an ABC and we are currently working on the wave B. In the lower time frame, wave B is unfolding as a WXY structure.
The primary scenario now calls for the end of wave (4) as a WXYXZ structure. In the lower time frame, we are looking at an ending impulse (i.e., wave ((i))) or the start of a new impulse (i.e., wave ((iii)).
We are still working on the wave (2) as an ABC structure. The wave B is unfolding as an ABC pattern. As we came close to the wave (2) area and based on the NASDAQ and S&P 500 analyses, the alternative scenario calls for the end of wave (2) as a WXYXZ structure. Price action in the lower time frame will further guide us in these two scenarios.
We reached the extreme boundary of the wave (4) area. The scenarios widely vary depending on whether this level holds or not. In the lower time frame, it looks like we are finishing an impulse. This impulse can be the start of wave (5) or it is part of a corrective move as a wave ((a)).
In the higher time frame, we are working on a wave ((2)) correction down. This wave ((2)) is unfolding as an ABC and we are currently working on the wave B. In the lower time frame, wave B can unfold as an ABC or WXY structure. We favor the WXY structure.
The WXY structure as a wave (4) was invalidated. Therefore, the primary scenario now calls for the end of wave (4) as a WXYXZ structure. In the lower time frame, we are looking at an ending impulse but it is too early to call for the high.
In the higher time frame, the primary expectation is that wave (4) is not finished yet. The price action we are seeing after the WXY structure still looks corrective which makes us call for a triple three or WXYXZ structure. In the lower time frame, it looks like we are finishing wave X as an expanded flat.