We have a possible 4th wave correction here. Both corrections happened between 2 and 2.5 months apart. IF 4/12 is the lows of this correction we can expect the 5th wave to hit no earlier than 6/12 and most likely at the end of JUNE! It only describes a 5-wave short term move and not whether we are in the longer-term ending pattern. Retail sales doing just fine and the dollar and bond yields have definitely broken out. I suspect it remains in a shallow upside trajectory from here. The slower the move the more wall street will accept it without complaining.
The odds of trump ever seeing jail time is as close to zero as possible. The odds he wins the presidency is as close to 100% as possible. I suspect Wall Street will cheer the news till he opens his mouth in public. The Supreme Court made sure he would be on the ballot and win. They will be rewarded with a slap in the face by TRUMP and the GOP soon after his election. He is bound to exceed his legal authority and the Supreme Court will be forced to rule against him. That first ruling will be met with disdain and become the first of many rulings that just get ignored. What I do know is besides rounding up millions of illegals he will go after his enemies with a vengeance. The most powerful man in the world with the GOP behind him is like Putin and the Politburo.
I find it so ludicrous that the people voting him in, helping his cause would naturally be the first casualties. He takes a perverse pleasure in punishing those that are loyal. New York, prosecutors, mayors, senators, state assemblies will all feel the wrath of a dictator. Even private citizens will not escape his determination to punish all.
BUT before the awakening Wall Street will SURGE! The final last signature blowoff rivalling all others.
