Moove from Aug '06 low started going parabolic in Nov '06. Dec '06 to present the market has gone vertical. extensions and parabolic spikes are followed by sharp reversals.
Off december lows has been an ending diagonal in wave 5. The ED is about to truncate. This indicates a severe turn in the making. The top looks rounded.
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.