AI
Current Elliott Waves - This week, we got the drop I have been waiting for all along; it was a decent ~85 points drop which makes it black wave iv.
From 2855.94, it started red wave 3, and so far it finished black waves i, ii, iii and iv, and now it is doing black wave v. I expect black wave v to be an extended one, which means it will probably last for about 1.5 months or so (mid January-beginning of February). The black wave v will have 5 subwaves, and so far is doing the first subwave.
Bottom line, I do not expect a bigger correction than the one this week before mid January - beginning of February, which tells me that the Christmass rally is on (wich some small corrections along the way to account for subwaves ii and iv of course).
From 2855.94, it started red wave 3, and so far it finished black waves i, ii, iii and iv, and now it is doing black wave v. I expect black wave v to be an extended one, which means it will probably last for about 1.5 months or so (mid January-beginning of February). The black wave v will have 5 subwaves, and so far is doing the first subwave.
Bottom line, I do not expect a bigger correction than the one this week before mid January - beginning of February, which tells me that the Christmass rally is on (wich some small corrections along the way to account for subwaves ii and iv of course).
