SP Elliott 3rd Wave Alert

click to enlarge
This chart pretty much is self explanatory: No longer oversold, there is a .382 retrace of the last leg down, a clear abc corrective pattern on the bounce, and the count implies a violent -3- of (3) of 3 down to develop any minute.
It would have to take out the 1150 level to negate this current count.


Popular posts from this blog

WTI Update- a 4 Handle Future?

Biden Climate Plan and Global GDP

Gasoline a By-product of Distillate