AI
Current Elliott Waves - I believe the correction last week was blue wave 2. Spx needs to head higher from here to validate the end of the correction. While, it is possible for spx to test the low again or head even lower, blue wave 2 seems to be an ABC with enough waves already. Therefore, I believe the trend is up from here, with small corrections along the way.
So, my best guess is that blue wave 3 started already, and I expect blue wave 3 to finish in 4 months (beginning of December?).
Do not use Elliott waves for short term trading - they work properly for longer term trading (i.e. 2-3 months is the best)
So, my best guess is that blue wave 3 started already, and I expect blue wave 3 to finish in 4 months (beginning of December?).
Do not use Elliott waves for short term trading - they work properly for longer term trading (i.e. 2-3 months is the best)
