Though I have been a perpetual bear over the last year, I am optimistic in the markets upside for the first three quarters of the year. What we should see over the next week is the completion of the C correction in the regular cycle of elliot wave. With a 1.5% correction, we should close out around 2650. With inflation on the rise, consumer spending and home building below projected estimates it is apparent that the end of the bull run may be in site. Additionally, it appears as though we are on the fifth and final impulse wave in both the supercycle and grand supercycle, this could send the market all the way to 1900. For more information on the broader market feel free to look at my next post which will illustrate this.
Trade closed: stop reached:
Looks like that was the extent of the C wave. Get ready for possibly the last cycle in the bull market, if true expect BIG gains.
Comment:
I was right the first time