All markets made some some sort of a zigzag bear market rally today.
In the US SPX and INDU made zigzags. wave b was a triangle, signalling only one more advance was left in the pattern. The zag in the SPX was an ending diagonal. NDX was double zigzag. The RUT was a double zigzag. The zag truncated. All zags were shorter moves than the zigs. Futures are down this evening. Today may only be wave a of one higher degree.
In europe The DAX and FTSE zigzags had flats in the wave b position.
In Asia Nikkei looks like a zigzag, the zag could be truncating. The market is closed for lunch. The SSEC looks like a single or double zigzag. The pattern should be obvious by the end of the trading session. The HangSeng is a tough call because it gapped up near the fib level of 38% of the Friday - Tuesday selloff.
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