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Charlie Brown (equity Bears) slip and fall again as Lucy pulls away the football and laughs. With so many on the side of the boat anticipating a re-test of the 2/9 lows of 2533 it was bound to not happen. Some jumped back in and helped turn the market higher by bouncing off 2698. Others will follow and support the expected move to all time highs ( ATH ).
Wave 5 will not be a straight line as depicted in the chart, but the general direction and timing are reflected (see x axis for timing). Near term target is 2900 (note Fibonacci level) and longer term even higher. More about the latter high in future editions.
Wave 5 will not be a straight line as depicted in the chart, but the general direction and timing are reflected (see x axis for timing). Near term target is 2900 (note Fibonacci level) and longer term even higher. More about the latter high in future editions.
SimonPhillips
Not so fast
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