UPDATE:
S&P500 still falling, but looking like a Wave C and nothing more.
Couple of questions remain on the table, but time should
rule in favor of the BULLS.
It is wise to remain humble with Elliot Wave analysis, right up to the point where the market gives a clear signal to go long or short.
At the moment, I believe the S&P500 is carving out wave 4 in a FLAT correction.
Wave (A) developed in "abc" and wave (B) surpassed the 70%, making this a possible FLAT or a WXY.
Time will tell, but this sure looks like we could...
I believe GOOG is a highly interesting setup to the upside at the moment... The pullback seen in FAANGS since the NASDAQ100 made its ATH in Mid-February has barely tickled this stock... This means the bulls are pushing it and momentum to the upside is perhaps much stronger than that of its peers... Moving on to business... Elliot Wave Analysis is my specialty... I...
