Summary: In this Elliott Wave analysis, the conclusion is made exceptionally sparse. The reason is that there are no useful "Make or Break" marks on the downside. The DOW could fall for example 4000.00 points without increasing the likelihood of a downside target to occur. On the upside a bold statement would be that rise above 17215.00 all bearish ambitions could be negated and the targets of 17500 and then 20,000 will be reached. Motto: "If it does not fall, then it will rises". To end this summary not without a clear statement: "In the next week a significant correction is expected."
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.